Legal provisions of COM(2023)203 - Authorisation of Hungary to derogate from Article 287 of the VAT Directive - Main contents
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| dossier | COM(2023)203 - Authorisation of Hungary to derogate from Article 287 of the VAT Directive. |
|---|---|
| document | COM(2023)203  |
| date | May 22, 2023 |
Article 1
By way of derogation from Article 287, point (12), of Directive 2006/112/EC, Hungary is authorised to exempt from VAT taxable persons whose annual turnover is no higher than the equivalent in national currency of EUR 71 500 at the conversion rate on the day of its accession.
Article 2
Implementing Decision (EU) 2018/1490 is repealed.
Article 3
This Decision shall take effect on the date of its notification.
It shall apply until 31 December 2024.
Article 4
This Decision is addressed to Hungary.