Summary 380 posts
From 4 January 2021, the online invoice reporting will extend to almost all invoices issued by domestic companies, including the sales of webshops. According to the latest announcement of the Hungarian Tax Authority, foreign webshops exempted from providing real-time invoice data in case of their sales in Hungary.
Read moreCompanies that use a business year identical with the calendar year must prepare their transfer pricing documentation by the end of May 2021, the latest.
Read moreA substantial change was introduced from 1 January 2021 in the recapitulative statements (M-sheet) to be submitted as part of the VAT return. The change concerns all taxable persons receiving final invoices from domestic partners, which were preceded by an advance invoice and are subject to the reporting obligation.
Read moreFrom January 2021, the scope of invoices concerned by online invoice data reporting was extended to include all taxable persons issuing invoices under Hungarian tax numbers.
Read moreThe experts of RSM Real Estate Desk believe that there are a few important steps that real estate owners who wish to complete a successful real estate transaction should keep in mind when setting about selling their property.
Read moreIn relation to the fiscal year of 2021, LBT reliefs are applicable for SMEs if their revenue or balance sheet do not exceed HUF 4 billion. Except for the 3.000 largest firms, every company is affected; the claims shall be submitted until 25 of February to the Hungarian Tax Authority.
Read moreAs from 1 February 2021, the amount of minimum wage is HUF 167,400 and the amount of the guaranteed wage minimum is HUF 219,000 in Hungary.
Read moreEvery year begins with routine checks and an overview of changes, and the area of payroll is no exception. In January 2021, Hungarian companies and employers need to be aware of changes in payroll-related regulations, including personal income tax, social contribution tax and sick pay.
Read moreA number of tax changes entered into force in January in terms of NAV online invoicing, VAT, tax planning, corporate tax, personal income tax, small business tax (kiva),fixed-rate tax of low tax-bracket enterprises (kata),social contribution tax and local business tax, and companies have a lot to pay attention to.
Read moreRecently you have found on a number of occasions that the NAV Online Invoice system that receiving real-time invoice data reporting from Hungarian taxpayers was not working. Does the question arise what responsibilities and actions the management of tax authority malfunctions entail for the taxpayers?
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