As companies expect to export to more markets during the upcoming years, effective management of VAT is essential to support growth and reduce costs and risk. Although VAT is a harmonized tax in the EU, VAT treatment of cross-border transactions and their compliance obligations vary in each jurisdiction. Thus, preliminary VAT planning must be an essential part of such transactions and international supply chain planning in general, intending to obtain financial and operational benefits. As the tax authority puts an increasing emphasis on full compliance with VAT obligations as well as the proper VAT reporting in Hungary and in the EU, it is a must to plan cross-border transactions and their VAT treatment prior to their implementation. Should you have doubt about the proper VAT treatment of your business in Hungary and the EU, please send us your question to firstname.lastname@example.org.