Summary 380 posts
In my first post on the entry into force of the new civil code, I presented the transitional provisions relating to legal persons. The act containing entry into force provisions also includes special rules for other cases the most important of which I summarized below.
Read moreThe effective date of the new Civil Code is 15 March 2014 when the previous Civil Code, which has been in effect for over 50 years, will be replaced by the new legislation. In our series of articles on the Civil Code our main purpose is to discuss the most significant changes affecting companies and businesses.
Read moreThe rules of the place of supply of telecommunication, broadcasting and electronically provided services supplied to individuals will change substantially from 2015: in line with the amendment of the EU VAT Directive, VAT will be payable on these services in the state in which the recipient’s permanent address or place of stay is located. Considering the availability and mobility of these types of services, the service provider may easily incur tax liability in all of the 28 member states.
Read moreAs any decision of the Court of Justice of the European Union concerning Hungary, the case of Hervis Sport- és Divatkereskedelmi Kft. (C-385/12) also received much attention, but this matter was not resolved with last week’s decision. The ball is on the Hungarian court again as it is now up to the Hungarian court to decide whether the special retail tax is actually detrimental to foreign company groups.
Read moreHaving one’s achievements recognized is always a good feeling, particularly so when this does not come from one’s immediate environment.
Read moreSince the initial introduction of transfer pricing documentation rules, there has been spectacular expansion in global intra-group trading and the number of states prescribing the preparation of transfer pricing documents has increased also. The sometimes large differences of the transfer pricing documentation rules of individual countries and the enhanced scrutiny of tax authorities in this regard, however, present a never before seen challenge for the multinational companies concerned.
Read moreIn my current post, I present to you the most important information on the tax payment relating to the foreigners employed in Hungary.
Read moreRegarding the establishment, operation and dissolution of Hungarian branch offices of foreign-registered companies, the rules of the Accounting Act pertaining to entrepreneurs shall be applied.Branch offices are obliged to maintain accounting records and financial statements in the same way as independent companies.
Read moreGlobalization and the expansion of international relationships also have an impact on employment.
Read moreAs to the structure of the tax regime, the tax package of 2014 contains changes much less significant than the similar packages of the previous years. Still, 31 legal regulations will be amended from the beginning of next year to implement the details of the new rules.
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