Summary 388 posts
Changes in the classification of reliable and risky taxpayers Based on the tax law amendment proposed for 2017, three years of continuous operation will no longer be a precondition for becoming a reliable taxpayer for public limited companies starting from 1 July 2016.
Read moreKATA (small taxpayers’ itemized lump sum tax) The 2017 tax law proposal modifies the definition of the income of small taxpayer enterprises. According the new definition, the KATA-taxpayer may disregard in the calculation of his income the amount of subsidies provided to cover costs and for development purposes.
Read moreBill no. T/10537 for the Amendment of Certain Tax Laws and Act CXXII of 2010 on the Hungarian Tax and Customs Authority is already available on the Parliament’s website. The bill contains the following important changes:
Read moreIAS 40 was first issued in 2000. The standard requires an entity to determine whether property (land and buildings) should be classified as investment property, defined as property held to earn rentals or for capital appreciation (or both). If so, the entity then has a choice of whether to account for it using the cost model or the fair value model.
Read moreTaxi drivers protesting against Uber drivers on the streets, articles about the concerns of civil organizations of hotels and providers of traditional accommodation services in electronic papers and so on. This new economic segment growing at frightening speed cut the ground that so far seemed to be so solid from under the feet of former market players.
Read moreThe much publicised, and long awaited European Commission Action Plan on VAT has been released.
Read moreIn my previous post I summarize what you need to know about taxes in Hungary. Now you can find 7 points about the FAQ of Hungarian VAT.
Read moreIn this post, I will summarize for employers and employees the process of application for the social security identification (TAJ) number and the tax number, which are essential for the registration. The foreign employee may choose to obtain the documents himself, but will nonetheless need assistance from his employer regarding signatures and company data.
Read moreThe following is a summarised update on some of the main discussions or provisional decisions taken by the IFRS Interpretations Committee (IC) at its meeting on 22 March 2016.
Read moreContinuing our series on frontier and emerging markets, we focus here on Myanmar – the latest country to be listed as a frontier market.
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