Tax – Blog | RSM Hungary

2014.03.11Tax

What is the rate of VAT on cable TV in Luxembourg? You will have to know next year!

The 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.

Zsolt Kalocsai

2014.02.19Professional Tax

The Hervis affair: not over yet!

As 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.

Gábor Fajcsák

2013.11.18Professional Tax

Global standardization of transfer pricing documentation rules

Since 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.

Zsolt Kalocsai

2013.10.23Professional Tax

BREAKING! Tax package, 2014: extended family taxation and a number of minor changes expected

As 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.

RSM Global

2013.09.26Accounting Tax

Impact of ‘new UK GAAP’ on corporation tax charges

It will apply to accounting periods beginning on or after 1 January 2015 and will apply to all UK companies who do not report under IFRS, FRS 101 or who do not qualify as a small entity. In some areas the new standard represents a significant change from existing GAAP. It is expected that the changes will impact both the current and deferred tax calculations with larger entities expected to be most affected.

Dániel Sztankó

2013.06.19Professional Tax

Tax-exempt product imports without tax collateral and even without a tax number!

Being a VAT expert, tax-exempt product imports are close to my heart. I recently attended a conference where most of the guests were managers of companies importing products in Hungary and then selling and transporting them after customs clearance to companies in other member states.

RSM Global

2013.05.29Tax

Non-taxable persons allowed in a VAT group – several decisions rendered by the CJEU

On 9 April 2013, the CJEU decided in the Commission vs. Ireland (C-85/11) case that non-taxable persons can be part of a VAT group on the basis that the VAT Directive determines that a fiscal unity can be formed by ‘persons’ and does not prescribe that each member of the fiscal unity must be an entrepreneur or taxable person for VAT purposes.

Gábor Fajcsák

2013.05.15Tax

Stricter wealth accumulation audits underway

The banking data of individuals, for instance, will be as easily and quickly accessible for the tax authority as the data of property or vehicle registers.

RSM Global

2013.04.18Professional Tax

Environmental product charge: approaching deadline!

In 2012, HUF 57 billion, slightly less than the targeted HUF 60 billion, was collected from product charge. The revenue target was not reduced for 2013 either, we can therefore assume that the tax authority will use every effort to meet the target.

Dániel Sztankó

2013.01.29Professional Tax

Environmental Product Charge, 2013

Accordingly, until 14 February 2013, returns, payments, supplementary filings and self-revisions relating to the environmental product charge will have to be submitted to the Customs Authority while after this date, these will have to be filed with NAV.

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