Hungarian Parliament Adopts VAT Refund Rules.

Hungary's parliament has passed a bill under which companies can submit VAT refund claims based on a European court of justice ruling before October 20th, or obtain a refund later in their VAT returns.
The European court ruled late in July that Hungary's VAT regulations were incompatible with EU law, and the state must refund payments amounting to 250 billion forints (€860 million).