Summary 388 posts
A number of taxation changes will be introduced from January, including VAT, tax planning, corporate income tax (CIT),personal income tax (PIT),small business tax (KIVA),social contribution tax or local business tax (LBT),so companies will have a lot to think about. Here is an overview of the tax related changes important for companies that will take effect from 2022.
Read moreThe European Court of Justice recently made a decision in another interesting case with Hungarian implications. The ruling relates to a special topic of the VAT Act, that of the VAT reclaim procedures of foreigners. In the justification of the ruling, the court also refers to areas of procedural law that are of interest to Hungarian companies as well.
Read moreInstead of the originally planned target date of 12 November, the offering of Hungarian Tax Authority\'s VAT return drafts is to be postponed until the end of the state of emergency, i.e. until 1 January 2022 for certain. It seems that more time is necessary for the finalization of developments and the launch of the system after all.
Read moreEmployer and employees will have to take two moved working days into account next year. The first long weekend will fall on 15 March in 2022 and we can plan with a total of five long weekends and three four-day weekend rest periods.
Read moreFrom October, the Hungarian Tax Authority sends letters to the taxpayers reporting online invoice data erroneously. The warning should be taken seriously as the VAT return proposals will also be based on this data.
Read moreIn a recent ruling with Hungarian implications, the European Court of Justice declared again that the Hungarian VAT Act is in conflict with Community law. According to the ruling, the pharmaceutical companies concerned, may reclaim a part of their VAT payment from the state health insurance funds.
Read moreWhether we are talking about a generation change within a family or the selling of a company, a customized structure serving the security of company assets and ensuring the continued operation of the company should be developed. An unregulated transfer of a company or wealth brings the risk of a reduction in value. The key is therefore conscious organization development and timely started preparation.
Read moreThe Government Decree on personal income tax refunds clears up who are eligible for a personal income tax refund in February 2022 in Hungary. The steps that employers and taxpayers need to take in order to obtain a tax refund have also become clear.
Read moreThe special requirements of Hungarian taxation have posed a considerable challenge for the corporate users and developers of invoicing software, particularly of foreign ERP systems. Our summary casts light on the typical problems, as well as their solutions.
Read moreThe e-VAT return proposal of the Hungarian Tax Authority (NAV),based on the obligatory online invoice data reporting, is going to arrive this autumn and will require the increased auditing of companies and targeted contact with them.
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