Hungary Tax Agency Issues Information Booklet on VAT Exemption for Products Sold to Foreign Passengers

The Hungarian National Tax and Customs Administration Jan. 10 issued Information Booklet No. 15, on the VAT exemption for products sold to foreign passengers. Topics covered include: 1) the definition of foreign passengers; 2) rules for determining the place of residence of an individual; 3) the requirement that consideration must exceed 175 euros (US$188), including tax, for products sold to a foreign passenger; 4) documentation requirements for purchases; 5) contents of the tax refund form; 6) the tax claim form; 7) that a product sale is subject to exemption when the purchaser takes it out of the EU community within ...