Summary 382 posts
The OSS/IOSS, i.e. the One Stop Shop / Import One Stop Shop system launched on 1 July 2021 supports webshops by allowing them not to register for VAT purposes and file tax returns separately in each member state concerned by their sales.
Read moreFrom 1 July 2021, the rules relating to web shops are amended at EU level. Businesses selling goods and services through web shops should prepare for this in advance to ensure an optimal way of sales and administration. With the right business model companies can, on the one hand, achieve tax savings and, on the other hand, cut administrative burdens. Otherwise, web shops will run a risk and may even expect substantial tax penalties.
Read moreA company\'s equity problem may have an effect on the company form and may even lead to the termination of the company. If the loss of capital is revealed in relation to the preparation of the financial statements, the company must act as soon as possible in order to resolve the situation. When to act, how much time does the company have and what directions can the company go in to resolve equity problems in Hungary?
Read moreAmong the key elements of the changes planned to be included in the spring tax package of Hungary that will affect companies, we can find amendments to the rules concerning corporate income tax, social contribution tax, personal income tax, value-added tax, property tax, and excise tax.
Read moreThe Hungarian Energy and Public Utility Regulatory Authority has published the 2021 green premium tender. Power plants producing electricity from renewable energy sources will be able to apply for price support this summer for a period of 15 years.
Read moreThe OECD\'s guideline on the impact of the COVID-19 virus situation on transfer pricing provides guidance to taxpayers and tax authorities on transfer pricing issues.
Read moreIt is wise to update the rules on the approval and accounting of dividends when preparing the report. It is important for business owners to be aware that the accounting rules for waived dividends were amended in autumn 2020, since the possible decrease in profits in the light of the epidemic situation cannot be rectified by waived dividends.
Read moreIn recent years, there was a fundamental change in the model in which the Hungarian Tax Authority views its own function, its relationship with taxpayers and, last but not least, its role as the key guard of budget revenues.
Read moreThe form in which a property transaction is realized also determines the tax options relating to the property transaction. Let us go through the main characteristics and tax implications of each property sale option.
Read moreThe rules for wage support were amended at the same time as the restrictive measures were introduced in response to the COVID-19 pandemic: additional industries have been added to the wage support scheme, and the advance payment of the support has become available, resulting in potential cash flow benefits for employers. Here are the most important dates and deadlines.
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