Facebook image
Lilla Németh

NAV Online Invoice Data Supply - Changes in Schema 3.0

The tax authority published some unexpected information: the NAV Online Invoice schema, which will be introduced on 1 January 2021, changed at a number of points on 1 December. The data supply system is still being updated, the developer documentation and the xml examples have also been updated.
tovább

Blog

Kinga Csepei

Autumn tax package 2024 – Key changes for companies

Bill no. T/9724 on amendments to certain tax laws, which also contains a number of significant changes affecting companies, was brought before the Hungarian Parliament on 29 October. One of the main goals of the proposal is to simplify the tax system and whiten the economy, particularly in the areas of corporate income tax, VAT and retail tax. The draft legislation would transpose many government decrees adopted during the state of emergency into law. Our blog below contains the most important changes in detail so that your company will be prepared for the new rules coming into force in 2025.

Read more
Tibor Kovács

Financial representation and VAT registration – who is affected?

When a foreign company carries out transactions in Hungary for which the place of supply is in Hungary and are not subject to international reverse charge, that company must apply for a Hungarian tax number. In such cases, the foreign company may possess tax numbers in multiple countries, similarly to dual or multiple citizenship for individuals.

Read more

KPIs vs OKRs: how business goals are achieved

KPIs (key performance indicators) and OKRs (objectives and key results) are two popular frameworks used to drive business results. Understanding the difference and relationship between KPIs and OKRs will help you learn how to use and integrate both in order to achieve your company\'s strategic goals and improve performance. Although these terms are often used interchangeably, when applied properly, they can complement each other in facilitating strategic alignment, innovation and operational success.

Read more
Petra Palicz

Court of Justice of the European Union rules in favour of the taxpayers again

At the beginning of October 2024, once again, the Court of Justice of the European Union ruled in favour of the taxpayers in a case regarding the right to deduct VAT. Although the judgment was delivered in a case in Romania, its findings can make a significant contribution to the successful exercise of the right of Hungarian businesses to deduct VAT.

Read more