Tax – Blog | RSM Hungary

2018.11.26Tax

Who should choose group taxation?

Based on the adopted tax laws for the coming year, Hungary will join a number of European countries with a modern tax system, where group taxation is also available with regard to direct taxes, in addition to the VAT. From the 2019 tax year, it will be possible also in Hungary to choose group corporate taxation, which can be notified to the Tax Authority in the first two weeks of January. Let us see who should choose this and what aspects should be considered in the next two months?

Gábor Fajcsák

2018.11.14Tax

Autumn tax package 2019 – changes in the Corporate Income Tax, Rules of Taxation Act, Tax Administration Act and foreclosures

The autumn tax package has passed by the Hungarian Parliament on 13 November 2018. Below we summarise the most important amendments affecting the corporate income tax, tax administration, and foreclosure procedures.

Gábor Fajcsák

2018.11.08Tax

Draft of the Autumn Tax Package 2019 – VAT, PIT, Social Security and Tax Rule Changes

From the amendments included in the autumn tax package, we discuss the key points of VAT on vouchers, new flats, and leasing and the rules of personal income tax, social security, social contribution tax, small taxpayers\' itemized lump sum tax (\"KATA\") and customs duty below.

Helga Kiss

2018.08.02RSM Film and Movie Tax

Level of film rebate for Hungarian production increases to 30 percent

Following a green light from the EU Commission, the level of indirect film related tax rebate in Hungary rises to 30% from 11 June 2018. The boosted proportion of film incentive is guaranteed to 31 December 2024, thus in an ever-more competitive regional situation the Hungarian film industry has a much better chance of maintaining its role as market leader. No changes are expected in the application process for film grants.

Gábor Fajcsák

2018.07.05Tax

Hungarian Tax package - CIT, PIT, fringe benefits

The Hungarian government introduced its summer tax package on 19th June. The most important proposed changes for 2019 in the field of taxation of individuals and corporations detailed below.

Dániel Sztankó

2018.06.18Digital Tax

Last minute modifications on the online invoicing system before the July 1st go-live date

There are only a few days left before the real-time invoice data reporting system goes live yet, according to the recent communications, the Hungarian Tax Authority (HU TA) is still planning to make some \"last minute\" modifications.

Dániel Sztankó

2018.06.15Digital Tax

Real-time invoice reporting in Hungary from July 2018

Hungarian Tax Authority has confirmed that the online real-time invoice reporting obligation takes effect from 1st of July, 2018.

Dániel Sztankó

2018.04.12Digital Tax

How to create valid XML for real time invoice reporting?

As you may know from 1 July 2018 the Hungarian Tax Authority (HU TA) expects the real-time invoice reporting (RTIR) to be done in XML file format. The structure of the data file is described by the XSD scheme published by the HU TA.

Dániel Sztankó

2018.04.03Digital Tax

How to register with HU TA for invoicing data reporting

The first step in invoice data reporting is the taxpayer’s registration at the Hungarian Tax Authority (HU TA). Testing of the sending of data can be started in the tax authority’s system after registration. Taxpayers should use this opportunity on the one hand, because the test system of HU TA can do everything that the live system will, which means that potential errors can already be identified at this point and, on the other hand, going live will also be easier for the taxpayer after testing. Every solution the company may choose for the sending of invoice data in the future, registration is a must for both testing and live operation, so let\'s go through this process.

Dániel Sztankó

2018.03.27Digital Tax

Preparation for real-time invoicing data reporting – How do I connect my invoicing program to HU TA?

From July 2018, digitalization of the tax authority’s operation is moving to a new level. Similarly to the connection of cash registers to the tax authority’s system, invoicing programs will also support internal automated processes of the Hungarian Tax Authority (HU TA) real-time with electronic messages and grant the tax authority real-time insight into the invoicing of companies. However, the introduction of automated data supply poses more complex technological challenges and comes with potential pitfalls.

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