Customs Duties or A tax charged on certain goods which are brought into a coun... and taxes will be pending and need to be cleared while importing goods into Hungary whether by a private individual or a commercial entity.
The valuation method is CIF.
Below table provide the Duty and Known as VAT (Value Added Tax) in the UK. A tax based on the... for Hungary:
|Duty Rates||Sales Tax(GST)||Threshold on goods|
|0% to 17% (Some electronic goods are duty free)||VAT=27%, VAT=VAT%(CIF + A tax charged on certain goods which are brought into a coun...)||if FOB is less than HUF150 and HUF22 then duty VAT are exempted.|
- Fallowing are subjected to excise duty:
- Mineral oils.
- Alcohol and alcoholic beverages. Any The result of a manufacturing or natural process (such as fo... with an alcohol content of 1.2% or more by volume qualifies as an alcohol The result of a manufacturing or natural process (such as fo....
- Sparkling wines.
- Intermediate alcoholic products.
- Tobacco products.
For more information on duty , taxes and excise please refer Excise duties and other taxes website.