Summary 198 posts
New details emerged about the real time invoice reporting requirements due to be introduced in Hungary from 1 July 2018.
Read moreFurther reduction of contributions would be necessary for the competitiveness of Hungarian companies and wages to be able to improve. For the competitiveness of companies, the most important factors are the availability of properly qualified and sufficient employees and the evolution of the total cost of employment.
Read moreEffective from 1 July 2017, the advertisement tax rate will be raised from 5.3% to 7.5% for taxpayers with sales revenues from advertising exceeding HUF 100 million. In the period of January to June 2017, the tax rate will be lowered to 0% to avoid the taxation of companies retroactively and to ensure equal treatment of taxpayers. These measures will result in an effective tax rate of 3.75% for the entire year 2017.
Read more15th of May marked the proclamation of the legislation that requires businesses to prepare Country-by-Country Report (CbC) reports. Hereby we summarize the most important issues and deadlines impacting Hungarian firms, including when the Hungarian companies need to submit their CbC reports and the obligations of firms whose parent companies are in the United States, which for the moment is a special case, regarding data reporting.
Read moreIn May 2017, changes in tax legislation has been approved by the Hungarian parliament. The changes have an effect on the corporate income tax, individual income tax and VAT laws.
Read moreThis 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 moreReal time reporting of invoices and new threshold of the domestic itemized report - key issues and potential changes for enterprises.
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.
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