Flat CIT rate and minimum wages in Hungary from 2017
On 24 November 2016, the Government and the employer and employee organizations signed an agreement about minimum wages for 2017 and 2018.
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Summary 402 posts
On 24 November 2016, the Government and the employer and employee organizations signed an agreement about minimum wages for 2017 and 2018.
Read moreThe proposed package of tax law amendments includes important changes concerning KATA (small taxpayer’s itemized lump sum tax),KIVA (small enterprise tax),local business tax, health contribution, social contribution tax, duty and vocational training contribution from 1 January 2017.
Read moreThe text of the draft tax bill also contains a few provisions that introduce new rules to the Act on Personal Income Tax, while the majority of the changes represent supplementation and clarification of effective statutory provisions.
Read moreThe most important elements of the proposed changes in the Act on the Rules of Taxation (ART) are aimed at curbing tax fraud and the black economy and moderating the risk of infringements for taxpayers and also address taxpayer qualifications and the preparation of draft tax returns.
Read moreThe majority of the amendments of the CIT Act are aimed at the expansion of tax benefits, some appear in the draft legislation in the form of tax base benefits, while others as tax benefits.
Read more12 October is also the deadline for social security contribution and social contribution tax return filing and payment for foreign enterprises not having the obligation to register in Hungary.
Read moreElectronic Road Control System (EKAER) has been introduced in 2015 and was modified several times since. This time the definition of the qualified vehicle changes from 1 August 2016.
Read moreThe Internet of Things can create more agile, efficient middle market businesses.
Read moreDuring the spring season the Parliament accepted Act LXVI of 2016 covering personal income tax (PIT) changes, which also substantially and fundamentally amends at several points fringe benefits giving the backbone of cafeteria systems. The changes may force companies to rethink their cafeteria systems. We wish to help in this process with this post.
Read moreMany among us may sense that the combination of technological developments, financial market innovation and changes in business models impacts our profession more than ever before. This may well make the profession all the more interesting, but it also creates some dissonance with the wider perception of accountants, which often associates us with conservative principles and unchanging techniques. It is therefore timely that we debate whether we should embrace ‘change’ to successfully drive accounting into the future before ‘change’ becomes imposed on us as a necessity, in order to maintain our highly impactful role in advancing firms’ good stewardship.
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