Summary 198 posts
It is already apparent that this year also brings a number of challenges for taxpayers in relation to real-time invoice reporting. The extension of the deadline for the online invoice version change announced in the beginning of the year until 4 June gives another month to review four areas.
Read moreWhat adjustment factors may and need to be taken into account for the corporate tax calculation to be closed until the end of May? What room do taxpayers have for movement if the amount of corporate tax advance could not be estimated precisely? These questions should be considered as the 31st of May approaches.
Read moreThis year, for the first time, companies are required to prepare their transfer pricing documentation in accordance with the new rules. It will be mandatory to prepare a new, multi-level set of documentation (comprising the master file, the local file and the country-by-country report, where appropriate) simultaneously with the CIT filing.
Read moreThe deadline for the filing personal income tax returns is 20 May 2019 and may also concern foreign individuals who pursue income earning activities in Hungary on a temporary basis.
Read moreIt is not new that foreign companies buy commercial property in Hungary for investment purposes. However, they are not always fully aware of tax consequences when concluding the sale and purchase contract. We now show you what you should pay attention to and what the most frequent hurdles are.
Read moreAlthough the deadline for this year\'s first modification phase has not yet expired, HU TA has already announced that the next step in online invoice data reporting will be version 2.0. Unlike in the tax authority\'s preliminary plans, not only an adjustment but a larger scale transformation should be expected in relation to online invoice reports.
Read moreFrom 1 January 2019, the film productions registered with the National Film Office may account for costs acknowledged for the purposes of the film subsidy according to the Film Act* amended at several points. This may come handy for the domestic production of series with many characters but the base of the film subsidy may reduce in the case of employing high-paid, typically foreign stars.
Read moreUntil 2018, the Act on Personal Income Tax made it possible for employers to provide employees tax-free housing support up to an amount of 5 million forints. This popular tax-free benefit form is no longer available from 2019 but the submission, collection of the certificates relating to support provided earlier is in the interest of both employees and companies.
Read moreThe new Act on Social Contribution Tax effective from 1 January 2019 was basically novel relative to former regulation in terms of the integration of health contribution and the transformation of the system of allowances while the reduction of the tax rate with effect from 1 July made employment cheaper. A further 2 percentage point reduction is expected from 2020.
Read moreChanges will be introduced regarding electronic contract keeping and the use of the company public administration portal \"cégkapu\" from 2019. Obliged companies will need to pay attention to the following when using \"cégkapu\" from January.
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