Under Hungarian VAT legislation, compatible with the EU VAT Directive, companies that are not established and not registered for VAT purposes in Hungary, due to their trades of goods involving the territory of Hungary, may become subject to Hungarian VAT and thus are in need of a Hungarian Fiscal Representation. This is a matter of choice for companies resident in another EU member state, whereas an obligation required by law for companies resident in third countries (i.e. non-EU member states).

A Hungarian Fiscal Representative can be particularly interesting for companies which are passing their goods through the EU and would like have them cleared for customs purposes here before their delivery to their final EU destination. This way they will not have to undergo further customs interference in the final EU destination country, making their supply processes quicker. The Hungarian tax authority regards the Fiscal Representative as the local agent of the foreign trader, which is held jointly and severally liable for the taxes of the trader. Thus, the Fiscal Representative is assigned and responsible for the management and settlement of VAT on behalf of the trading company, in accordance with the local regulations. We do not require a bank guarantee from our clients and offer flexible compliance fee packages tailor-made to their business needs. Please send us your request to info@ccsg-hungary.com