Director, Indirect Tax services
Dániel Sztankó has been the VAT expert of RSM Hungary Zrt., has supported the compliance of our fiscal representation team's clients in domestic and international VAT services since 2014. He was a manager at an international advisory network in Hungary specialising in VAT and indirect taxes from 2008 and then in Singapore from 2012, prior to which he had worked for a London based tax advisory firm. He began his professional career with the tax authority where he worked as a tax specialist in VAT for more than 5 years.
As an advisor to global market players, he has focused on the regulation and application of European, Asian and international value-added taxes and indirect taxes for more than a decade. He has acquired experience in a number of sectors, such as energy, telecommunication, technology, logistics, pharmaceuticals, financial services, and real estate, both in Hungary and abroad.
Beside consultations, Dániel is a regular lecturer of business and professional conferences focused on Hungarian VAT, online invoice reporting and EKAER legislation.
The regulator is also trying to curb the further surge in raw material prices in the construction sector by administrative means. Export registration, EKAER (Electronic Public Road Trade Control System) notification, extra mining levy and extraction regulations have recently come into force in the recent days.
Read moreFrom 1 July 2021, the rules relating to web shops are amended at EU level. Businesses selling goods and services through web shops should prepare for this in advance to ensure an optimal way of sales and administration. With the right business model companies can, on the one hand, achieve tax savings and, on the other hand, cut administrative burdens. Otherwise, web shops will run a risk and may even expect substantial tax penalties.
Read moreProvisions of the Act on the Rules of Taxation relating to the Hungarian Electronic Trade and Transport Control (EKAER) system will be amended from 1 January 2021. For example, the group of products to be reported in the road freight transport control system will change.
Read moreAn important change in financial administration from July is that the deadline for issuing an invoice will be shortened from 15 days to 8 days after performance. In other words, from July, invoices for the supply of goods and services must be prepared and issued to partners, buyers and customers within a shorter deadline.
Read moreDue to the difficulties caused by the coronavirus, the tax authority will not sanction, until 30 September 2020, the new taxpayers subject to the online data supply obligation from July, who are not yet able to comply with the regulations. The deadline for extending the data supply obligation is therefore not delayed, but NAV (Hungarian Tax Authority) will not penalise its omission for the first 3 months if taxpayers register in the Online Invoice system.
Read moreThe UK has left the EU on 31 January 2020, but what does that mean for the UK businesses operating in Hungary from 1 February onwards?
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