Summary 382 posts
A number of tax changes entered into force in January in terms of NAV online invoicing, VAT, tax planning, corporate tax, personal income tax, small business tax (kiva),fixed-rate tax of low tax-bracket enterprises (kata),social contribution tax and local business tax, and companies have a lot to pay attention to.
Read moreRecently you have found on a number of occasions that the NAV Online Invoice system that receiving real-time invoice data reporting from Hungarian taxpayers was not working. Does the question arise what responsibilities and actions the management of tax authority malfunctions entail for the taxpayers?
Read moreThe tax authority published some unexpected information: the NAV Online Invoice schema, which will be introduced on 1 January 2021, changed at a number of points on 1 December. The data supply system is still being updated, the developer documentation and the xml examples have also been updated.
Read moreSubstantial changes await Hungarian taxable persons yet again. The changes concerning the NAV online invoice data reporting system effective from 2021 will extend the invoice reporting obligation to almost all transactions of every Hungarian company.
Read moreIn its regulations issued in November, the Government provides new subsidies to help the sectors most affected by the emergency. Some of the measures are the same as in spring in a repackaged form, while accommodation providers may request targeted subsidies under certain conditions.
Read moreThe state of emergency introduced due to the second wave of the coronavirus pandemic urged to make the rules of remote work clear or at least make it more flexible. One of the newest decrees of the government aims at filling this void now.
Read moreSmall business tax (KIVA) may become an attractive option for more companies from 2021. The small business tax rate may be cut to 11 percent from next year, while certain limits of KIVA-eligibility will increase. The special tax rate assessment rules may be more favourable for many businesses than corporate tax but not for all.
Read moreDraft VAT returns, changes to small business tax thresholds, local business tax administration change, and automatic payment assistance for reliable taxpayers and private individuals. The autumn tax package may bring changes to a wide variety of areas in Hungarian taxation.
Read moreSubstantial changes are coming in the NAV online invoice data reporting system with yet another sprint starts for programming and finance experts for the preparation of invoicing programs and data reporting software. The deadline for the conversion to 3.0 XML in January is relatively short but the Hungarian tax authority grants a sanction-free period to taxpayers until April.
Read moreNext year, employers and employees we will only have to plan with one moved working day. The first long weekend of 2021 will fall on the start of the year, 5 rest days will be on weekends and, in addition, we will have six long weekends and a 4-day weekend in the coming year.
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