Facebook image
RSM Hungary
HUENDE

Blog

RSM Film and MovieDigitalEnterprise valuationTaxAccountingVATConsultancyLegalPayrollAuditRSMReal EstateFamily and Wealth...
Close

Summary 199 posts

Mátyás Budai
Tax

Data reconciliation procedure - new Hungarian tax authority procedure from 2025

The Hungarian tax authority is constantly improving its control methods to ensure transparency and compliance of economic operators, and the data reconciliation procedure is a new step in this direction. The main purpose of the data reconciliation procedure is that the HUTA regularly compares the data from the real-time invoice reporting system with the information on the VAT returns submitted by companies.

Read more
János Karczub
Tax
Kinga Csepei
Tax

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
TaxVAT

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
Ottó Bulátkó
ConsultancyTax

Compliance audit or tax audit?

Tax authority inspection, tax audit, compliance audit/minutes – these are the terms that every taxpayer should understand. What is more, you should know the detailed rules of the tax audit and the compliance investigation, as it is important what kind of protocol the tax authority review is based on.

Read more
Mátyás Budai
Tax

M-sheets – how to avoid the Tax Authority’s radar

The precise and efficient completion of the M-sheets (domestic recapitulative statement) is vital to avoid the attention of the tax authority. The correct handling of M-forms is of utmost importance, as the tax authority\'s new risk analysis methods are focused on the accuracy of the reported data.

Read more
Ottó Bulátkó
Tax

Stricter tax audits, higher penalties

As of 1 August, the provisions of the Act on the Rules of Taxation on default penalty will be amended. The Hungarian Government, in reference to the war between Russia and Ukraine, doubles the penalty for general default, the failure to report employees, and non-compliance with the obligations to issue invoices, receipts and keep documents.

Read more
Marcell Andó
Tax
János Karczub
ConsultancyTax

Transfer pricing 2024 – Record number of direct transfer pricing audits

In 2022, significant changes were made to transfer pricing and the preparation of transfer pricing documentation, with a multiplication of the fine and the introduction of a transfer pricing data reporting obligation. Please note that non-compliance with changes entered into force for the 2023 tax year could result in the imposition of multiple default penalties. Based on the experience of the past year, businesses are increasingly likely to face direct transfer pricing audits on transactions with their related parties.

Read more
Viktória Clamba
Tax

Featured tags

accountingvat registrationDigital solutionsRSM ConnecTAXRSM Film & movie