Hungary VAT code classification

Here is a general list of VAT codes with their descriptions for Hungary.

CodeDescription
AAMPersonal tax exemption
TAM“tax-exempt activity” or tax-exempt due to being in public interest or special in nature
KBAETintra-Community exempt supply, without new means of transport
KBAUKtax-exempt, intra-Community sales of new means of transport
EAMtax-exempt, extra-Community sales of goods (export of goods to a non-EU country)
NAMtax-exempt on other grounds related to international transactions
ATKOutside the scope of VAT
EUFAD37Based on section 37 of the VAT Act, a reverse charge transaction carried out in another Member State
EUFADEReverse charge transaction carried out in another Member State, not subject to Section 37 of the VAT Act
EUENon-reverse charge transaction performed in another Member State
HOTransaction in a third country
REFUNDABLE_VATVAT was charged under Section 11 or 14, and VAT must be refunded by the recipient of the invoice
NONREFUNDABLE_VATVAT was charged under Section 11 or 14, and VAT does not need to be refunded by the recipient of the invoice
UNKNOWNit can be used for modifying and cancelling invoices referencing a pre-3.0 invoice or without any background, if the value cannot be established.