Summary 393 posts
In 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.
Read moreThis year brought a change in the area of labour inspections also. The role of labour authorities was taken over by employment supervision authorities from the beginning of March 2021 and, as a result, labour inspections were replaced by employment supervision audits. Instead of the former labour inspections, employers can now expect employment supervision audits.
Read moreDuring company evaluation, the primary purpose of determining the fair market value is to identify the value drivers of the target company. Today, in addition to the IT companies providing more and more popular subscription-based services, more and more companies active in other sectors are switching partially or fully to solutions based on monthly fees (Nespresso, MOL carsharing services).
Read moreThe corona epidemic posed a major challenge to the Hungarian economy affecting, among others, the income of the young population. However, incentives both within and outside the scope of the tax regime support the improvement of the labour market situation of young people. We gathered information on what employers and young employees may expect below.
Read moreChanges to the rules on teleworking: the agreement of the parties may be more important
Read moreThe regulator is also trying to curb the further surge in raw material prices in the construction sector by administrative means. Export registration, EKAER (Electronic Public Road Trade Control System) notification, extra mining levy and extraction regulations have recently come into force in the recent days.
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