What “VAT reverse charge” is?

In Hungary, VAT is 27% on top as general rule, but construction works are exempted from this application. Consequently, construction business and trading between EU countries are more becoming vigorous.

In other words, VAT only exists on the paper, but it is actually excluded from payment and receiving and the final amount will be confirmed at the time of settlement if necessary

Therefore, it is not needful to consider the VAT payment on the construction cost when planning the investment.