All about Real-Time Invoice Reporting

2024.04.30

Importance of SME qualification – Micro-, small and medium sized enterprises?

The correct SME qualification (micro, small or medium-sized) has a particular importance for Hungarian companies when applying for certain EU tenders or reviewing the eligibility for corporate income tax (CIT) base decreasing items or CIT credits, but also for determining whether a given company is subject to innovation contribution or not. The Hungarian SME qualification has to be carried out based on a complex methodology prescribed by the corresponding act, and the SME status has to be indicated in the annual CIT return.

Marcell Andó

2024.04.29

CIT and LBT calculations – important aspects to consider

The deadline for submitting and paying corporate income tax (CIT) and local business tax (LBT) for 2023 is approaching. It is not worth leaving the preparation of the CIT and LBT calculations as well as preparing the corresponding returns to the last minute. In our blog, we would like to highlight some of the key areas which require special attention when preparing these calculations.

Tibor Kovács

2024.04.15

Exhibitions, events abroad – foreign VAT issues

Companies organising a conference, event or exhibition abroad – whether it is their own event, or an event organised abroad by an event management company – need to be aware of the circumstances when they are to apply for a foreign VAT number or pay VAT abroad. This is because failure to comply with VAT obligations can lead to heavy default penalties and tax fines.

Ottó Bulátkó

2024.04.10

The tax authority’s audit plan for 2024

The tax authority\'s 2024 audit plan has been published and shows that this year\'s tax audits will focus on affiliated companies, transfer pricing, employee stock ownership plans and foreign income, but large employers should also expect inquiries. The range of activities identified as high risk has also been significantly extended, including focus on income from controlled capital market transactions and cryptocurrencies.

Connectax Invoice Reporter Cloud Based online invoice reporting

Hungarian Tax Authority's VAT return offers postponed

Online Invoice data reporting: warning for errors coming from the Hungarian Tax Authority now

Online invoice data reporting step-by-step

NAV Online Invoice Data Supply - Changes in Schema 3.0

Connectax VAT Manager

VAT automation - suppliers' invoices

Digital VAT and XML consulting

Blog

Importance of SME qualification – Micro-, small and medium sized enterprises?

CIT and LBT calculations – important aspects to consider

Exhibitions, events abroad – foreign VAT issues

The tax authority’s audit plan for 2024

Calculators

Salary Calculator 2020

Salary Calculator 2019

Our experts