Legal provisions of COM(2023)203 - Authorisation of Hungary to derogate from Article 287 of the VAT Directive

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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 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Implementing Decision (EU) 2018/1490 is repealed.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.