Hungary has already concluded mutual agreements with all other EU Member States and Switzerland, Liechtenstein and Norway. Now Serbia is on the list. Generally speaking, each EU Member State has a reciprocal agreement with any other EU Member State. However, things get really complicated when your company is located in a non-EU country. You`ll probably need a reciprocity agreement. Following an agreement between EU finance ministers, EU legislation on system reform was adopted in February 2008 as part of the VAT package. . . .