Summary 407 posts
As any decision of the Court of Justice of the European Union concerning Hungary, the case of Hervis Sport- és Divatkereskedelmi Kft. (C-385/12) also received much attention, but this matter was not resolved with last week’s decision. The ball is on the Hungarian court again as it is now up to the Hungarian court to decide whether the special retail tax is actually detrimental to foreign company groups.
Read moreHaving one’s achievements recognized is always a good feeling, particularly so when this does not come from one’s immediate environment.
Read moreSince the initial introduction of transfer pricing documentation rules, there has been spectacular expansion in global intra-group trading and the number of states prescribing the preparation of transfer pricing documents has increased also. The sometimes large differences of the transfer pricing documentation rules of individual countries and the enhanced scrutiny of tax authorities in this regard, however, present a never before seen challenge for the multinational companies concerned.
Read moreIn my current post, I present to you the most important information on the tax payment relating to the foreigners employed in Hungary.
Read moreRegarding the establishment, operation and dissolution of Hungarian branch offices of foreign-registered companies, the rules of the Accounting Act pertaining to entrepreneurs shall be applied.Branch offices are obliged to maintain accounting records and financial statements in the same way as independent companies.
Read moreGlobalization and the expansion of international relationships also have an impact on employment.
Read moreAs to the structure of the tax regime, the tax package of 2014 contains changes much less significant than the similar packages of the previous years. Still, 31 legal regulations will be amended from the beginning of next year to implement the details of the new rules.
Read moreDespite the global crisis, the number of businesses grew spectacularly in recent years in large emerging economies. While from 2007 to 2011 the number of active businesses increased by only slightly more than 3 percent in the most developed countries of the world, there was a 25 percent growth in this regard within the BRICS group of the largest emerging countries – the survey “Business Births and Deaths” of the international financial and tax consulting network RSM International reveals. News is even worse from a Hungarian perspective as we have the worst result even within the European league: in 2011, the number of active businesses exceeded that of 2007 by only 0.3 percent.
Read moreIt will apply to accounting periods beginning on or after 1 January 2015 and will apply to all UK companies who do not report under IFRS, FRS 101 or who do not qualify as a small entity. In some areas the new standard represents a significant change from existing GAAP. It is expected that the changes will impact both the current and deferred tax calculations with larger entities expected to be most affected.
Read moreThe Decree of the Ministry for National Economy on the work schedule around the public holidays of 2014 was published on 30 August.
Read more
