Tax – Blog | RSM Hungary

2020.05.19Digital Tax

VAT return from 1 July: M sheets must also be reported without a threshold in Hungary

From 1 July, 2020 according to the VAT Act, the data of all approved incoming supplier invoices for which the company intends to exercise the right to deduct VAT must be provided to NAV on the M-sheet in the domestic recapitulative statement, regardless of the VAT threshold. This will make not only the invoices issued, but also the invoices approved between companies, fully visible to the tax authority.

RSM Hungary

2020.05.08Coronavirus Tax

COVID-19: Governmental Measures in Central and Eastern Europe

We summarized briefly the main government measures that aimed to curb the negative business effects of COVID-19 in the CEE region countries: Hungary, Poland, Czech, and Slovak Republic.

Diána Varga

2020.04.29Consultancy Coronavirus Tax

Reports and annual tax return - may be deferred until 30 September. When should you not opt for it?

After a seemingly long wait for professionals, the decree was promulgated postponing the annual tax liabilities of companies and the publication of the report in view of the coronavirus epidemic until 30 September 2020. It is worth considering what is affected by the postponement and what is the best decision for the company!

Gábor Fajcsák

2020.04.28Coronavirus Tax

Modified wage subsidies and tax reliefs in Hungary

The new conditions for wage subsidies are more favourable, facilitation of deadlines in respect of reporting and taxation, SZÉP card changes and confirmation of social contribution tax (”szocho”) rate reduction. These are, among others, the latest regulations to mitigate the economic effects of the coronavirus.

Helga Kiss

2020.04.21Coronavirus Tax

R&D wage subsidy in the April economic package in Hungary

As part of the Action Plan to protect the Hungarian economy, new measures have been introduced in Hungary to preserve R&D workers’ workplaces. The government measures relate to the coronavirus pandemic, and take the form of a wage subsidy available for employers. The measures are applicable as of 15 April 2020, and businesses in various sectors could take advantage of them, such as IT and software development companies, pharmaceuticals, chemical companies, companies in the financial sector and manufacturers.

Gábor Fajcsák

2020.04.20Coronavirus Tax

Hungarian economy protection package, April 2020 - wage subsidies, retail tax

In order to reduce the negativ economic impacts of COVID-19 crisis, Hungarian government announced new measures: net wage subsidy, tax and administrative reliefs, and introduced retail tax.

RSM Global

2020.04.07Coronavirus Tax

COVID-19 Global Tax Policy Measures

Tracking rapid global stimulus legislation

Gábor Fajcsák

2020.03.25Coronavirus Tax

Covid-19, newer emergency tax measures implemented in Hungary (UPDATED)

On 23 March 2020, the Government of Hungary has announced the implementation of new tax relief measures to curb the negative effects of COVID-19 crisis on the Hungarian economy as follows.

Gábor Fajcsák

2020.03.19Coronavirus Tax

Don’t let coronavirus overcome your company – apply for a tax reduction. UPDATED!

The global coronavirus epidemic affects all sectors of the economy, however, the service sector, and in particular tourism and catering, is the industry that is hit the earliest. What can companies do right away to alleviate the difficulties in paying their tax liabilities?UPDATE: According to the latest announcements, the Hungarian Tax Authority fairly appraises entrepreneurs\' tax relief requests.

Gábor Fajcsák

2019.11.21Tax

Tax donation at the time of advance corporate tax payment replenishment – Companies have this opportunity this year as well

Companies can take the opportunity of tax donation at the time of advance corporate tax payment replenishment this year as well, the deadline still being 20 December.

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