Summary 382 posts
This week a new tax law draft was submitted to the Hungarian Parliament. Among others the real time invoice data reporting and reduction of itemized report threshold from HUF 1 M to HUF K100 are to be postponed, if the draft is accepted by the Parliament.
Read moreMihaly Varga, minister of National Economy of Hungary has stated in an interview with local newspaper that the online invoice reporting will be postponed until 1 July 2018. According to the statement businesses will be able to test the system as early as 1 July 2017.
Read moreReal time reporting of invoices and new threshold of the domestic itemized report - key issues and potential changes for enterprises.
Read moreAlthough the change has been in force for over a year, those who did no prepare an interim report (for example, because of the payment of dividend advance) are only faced with the relating practical tasks now in the period of preparation of financial statements.
Read moreLeading audit, tax and consulting network, RSM, has reported growth in global fee income of 7.6% for the year ending 31 December 2016. Total fee income for the period increased to US$4.87billion.
Read moreIf a seller starts negotiations for the sale of its company, the first thing to clarify is what the subject matter and the proposed structure of the transaction is. In this regard, there are generally three basic solutions that should be considered; the options of a share deal, an asset deal or a division transfer.
Read moreIn her last speech on the termination of the EU membership of the United Kingdom, Prime Minister Theresa May said she envisaged full departure from the EU and did not intend to keep certain elements of EU membership. „We do not seek to adopt a model already enjoyed by other countries. We do not seek to hold on to bits of membership as we leave.”
Read moreWhen determining and changing transfer prices, entities importing from related parties do not only have to pay attention to accounting, transfer pricing, (import) VAT but also to their customs processes, with special regard to liabilities.
Read moreThe Hungarian Parliament has postponed the requirement to provide real time invoice data to the Hungarian Tax Authority (HU TA) until 1st July 2017.
Read moreRSM Hungary has been appointed by IBFD as a correspondent of tax news (TNS) for Hungary as of November 2016.
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