VAT subsidy for renovation

VAT subsidy for renovation

Duration

January 2020 –

Recipients

Households

Managing body

National Tax and Customs Administration of Hungary (NTCA/NAV); commercial banks

Own contribution

73% (VAT is 27%)

Details

The state refunds the VAT (27%) for households after the costs of renovation up to 5 million HUF (€13,950). It is available in the 2,486 smallest settlements of Hungary (Hungary has 3,154 settlements). Preconditions of eligibility include having public health insurance and not having debt towards the National Tax and Customs Administration. The subsidy is provided in the form of ex-post financing through commercial banks.

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