ASB Hungary Kft.

Maros utca 12

1122 Budapest, Hungary

Tel: +36 30 280 2220

VAT: 26369420243

Commercial Enquiries:

Dan Ledvinka Group Commercial Director +420 222 500 648 dledvinka@asbgroup.eu

SME procedure will make it easier for taxpayers to operate in the EU market

The introduction of the SME (Small and Medium Enterprises) procedure in January 2025 represents a significant change in the VAT settlement system within the European Union. This mechanism was designed with small and medium-sized enterprises (SMEs) engaged in cross-border activities in mind. The objective is to simplify administrative and tax obligations for entities with relatively low turnover. The SME procedure establishes uniform regulations applicable across the EU, marking a step toward harmonizing tax law in member states.