Blog

2025.02.24Tax

Global minimum tax step-by-step: important deadlines and tasks

Global minimum tax is not only a new tax rule but also a complex compliance challenge for the companies concerned. The preliminary data reporting and notification obligations already raised serious questions, but the real challenge will need to be faced during the 2024 year-end closing and audit. In case a group member subject to the global minimum tax dos not meet any exemption criterion, additional tax liability may arise. Time is short and compliance requirements are complex - so there is no point in delaying preparation. It is worth thinking through the necessary steps now to avoid unexpected tax burdens and compliance risks.

RSM Hungary

2025.02.06RSM

RSM: revenue growth, acquisitions, new business lines in 2024

RSM, one of the world\'s leading audit, tax and advisory networks, has achieved revenues of USD 10 billion in 2024, a 6 percent increase compared to last year. RSM\'s European revenue was USD 1.9 billion, up by 8 percent.

Ádám Mosonyi

2025.02.03Audit

Audit 2025 - key changes in the field of auditing in Hungary

As of 2025, several important changes will come into force in the field of auditing, most notably the change in the audit threshold. In our blog, we have summarized the impact of this change on the auditing profession and which entities should consider opting for an audit and why.

Zoltán Balogh

2025.01.23Audit

NIS2: New Cybersecurity Act and Important Changes

As of 1 January 2025, the new Cybersecurity Act will govern the Hungarian implementation of the NIS2 Directive. Under the Cybersecurity Act, NIS2 covered entities are required to enter into an agreement with a registered auditor to conduct a cybersecurity audit within 120 days of registration.

Ottó Bulátkó

2025.01.21ECJ Tax

VAT tax base reduction: how can pharmaceutical manufacturers and distributors save millions?

The Court of Justice of the European Union has already ruled in favour of Hungarian taxpayers on several occasions in relation to VAT. At the end of 2024, a favourable decision was made for pharmaceutical manufacturers and distributors, significantly affecting the VAT base. According to the decision, they may reduce their VAT base by the amount of the sector-specific surtax imposed on them.

Gergely Pál

2025.01.21Legal

TEÁOR 2025, Client Gate+, E-ING – important legal changes

In January 2025, numerous new and significant legislative changes will take effect, primarily impacting companies. Among these, the revision of the Standard Sectoral Classification of Economic Activities (TEÁOR) and the introduction of the electronic real estate registry stand out.

Krisztina Reinics

2025.01.20Accounting

Accounting 2025 – What’s new in Hungary?

Find below the most important changes in accounting coming into force in Hungary in 2025, which companies should integrate into their accounting and auditing systems at the beginning of the year.

Edina Pentz

2025.01.16Payroll

Payroll Accounting 2025 - What changes in Hungary

Experts at RSM have summarized the changes that companies and employers need to be aware of, effective in Hungary from January 2025, regarding payroll-related taxation—such as personal income tax, social contribution tax (szocho)—health insurance, fringe benefits, and minimum wage.

Kinga Csepei

2025.01.06Tax

Changes to taxation in 2025 – look out for these at the start of the new year

As in previous years, several legislative amendments affecting taxation were introduced, some of which were enacted by Governmental Decree. The most significant tax changes were included in Act LV of 2024, titled \"On the Amendment of Certain Tax Laws,\" which was adopted on November 29, 2024.* In our blog we summarize the changes that companies need to look out for in their 2025 operations.

Lilla Németh

2025.01.13VAT

150-million Dilemma – Changes in the Regulation of Fiscal Representation

As of 1 January 2025, the new legislation has introduced more stringent rules regarding which companies may serve as fiscal representatives for foreign businesses In Hungary. From this date, all fiscal representative companies must have a registered capital of at least HUF 150 million. Failure to comply with the capital increase requirement jeopardizes the fulfilment of tax obligations.

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