Time of supply ā tax points (Hungary)
The basic time of supply is the date that the supply is made or an invoice is issued.
For specific types of transactions, the following tax point dates apply:
| Deposits and prepayments | The tax point is the date that the payment is received. The amount is treated as inclusive of VAT. However, if the prepayment is in respect of intra-EU supplies of goods or domestic reverse charge services, a tax point is not created.
If prepayment is made in respect of reverse charge services acquired from a third-country seated vendor (this is the so-called international reverse charge mechanism), the amount is treated as exclusive of VAT and a tax point is created when the prepayment is made. |
| Continuous supplies of services | The following tax point rules apply:
ā¢ The tax point is the last day of the |
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Web page updated on 17 Mar 2025 16:33