Hungary – reporting obligation on road transports as of 1 January 2015


Street scenes in Shanghai, China Photo_R_RGB_SH14_D1_JA_6007.jpgThis new reporting obligations will be effective for tax payers who carry out certain transactions involving road transportation, including also foreign established companies that are registered for VAT in Hungary. These transaction are the following:Read More »

VAT Identification number within EU


The VAT identification number in the European Union (EU) is:

  • the proof of entrepreneurship within the single market
  • a formal requirement for intra-community supply of goods
  • the formal requirement for the tax exemption of certain cross-border turnovers within the EU
  • in general, also a feature of national invoices in the meantimeRead More »

EORI number


The basic purpose of EORI (Economic Operator Registration and Identification in the EU) is to establish a system whereby every trader who interacts with Customs Authorities in any Member State of the EU is allocated an unique reference number. This reference number is valid throughout the EU and serves as a common reference number for the trader’s interaction with the Customs Authorities of any Member State. Read More »