For your information: according to Article 38 (1) of Act XCII of 2003 on the Rules of Taxation, the payment obligation of taxpayers with a bank account at a domestic financial institution is to be paid via transfer from this bank account, while the obligation of taxpayers without a domestic bank account is to be paid via transfer from their domestic bank account or by money order. Furthermore, Article 39 provides that all payment obligations governed in the Act must be made in HUF. Therefore, even if the fulfilment of payment obligations from a bank account managed abroad and/or in a currency other than HUF is at variance with the applicable law, the Tax Authority is obliged to accept payments made in this manner as well.

In order that taxpayers may fulfil their obligation vis-à-vis the central budget, international bank account numbers (IBAN codes) allocated to the HUF accounts opened at the Hungarian Treasury and shown in the table below are used in international payment transactions from the 1st of January, 2011. The conversion of any currency into HUF transferred to these accounts and, subsequently, the settlement of such amounts are performed at the official exchange rate of the Hungarian National Bank for the given day.

IBAN codes must be used exclusively in international payment transactions (e.g. in the case of transfers from abroad) in a manner that such codes are indicated on foreign currency transaction orders. The currency transfer order must, in addition to the IBAN code allocated to the relevant bailiff’s deposit account, contain the following data:

• name of beneficiary: NAV,
• address of beneficiary: 1373 Budapest, Széchenyi u. 2.,
• bank of beneficiary: Hungarian Treasury,
• SWIFT code: MANEHUHB

The “comments to the beneficiary” field on the currency transfer order must contain the domestic tax identification number (tax number or tax identification code) of the taxpayer in order that the deposited amount can be offset against the debts recorded in the deposit account file.

The account numbers to be used in domestic payment transactions (i.e. in the case of transfers from domestic bank accounts) are featured in bold type in the list of IBAN codes allocated to the relevant bailiff’s deposit accounts shown below.