Review of Tax Changes in 2018
This summary aims to review all amendments to substantive tax laws adopted in 2017 and earlier, affecting the year 2018.
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Partner, Head of Tax services
As head of Tax Services, that comprises the team of more than 50 tax expert of RSM Hungary, he works with Hungarian and multinational companies. Specialises on tax audits, digital tax solutions, international and domestic corporate structures, tax planning related to investments and acquisitions, corporate due diligence, tax benefits as well as tax advisory services related to the wealth planning. After several years of tax audit experience in the field of tax administration, he joined the RSM Hungary tax advisory team for over 15 years.
This summary aims to review all amendments to substantive tax laws adopted in 2017 and earlier, affecting the year 2018.
Read moreThe basic aim of the renewal of the rules of tax administration is for the tax authority to provide a client-focused service and to help taxpayers in the fulfilment of their tax obligations. Instead of a uniform code-like regulation, from 2018 multiple acts will specify the rights and obligations taxpayers and tax authorities have in specific tax matters.
Read moreAs one of the side effects of digital development, it became apparent this year that the total sum of the one percent donations offered for NGOs declined in parallel with the successful introduction of e-personal income tax. However, there was no change in corporate donations and their tax relief, so it is worth considering this before the end of the year!
Read moreThe matter of the registration of foreign managers has become clearer in relation to the use of the company portal “Cégkapu” that companies will be obliged to use from 1 January 2018. It is now clear what tasks have to be fulfilled using the Cégkapu portal and where companies not yet registered or already registered can get more information regarding the operation of the portal.
Read moreMore than 200 thousand taxpayers may enjoy the benefits coming from having reliable taxpayer status according to latest data of the Hungarian Tax and Customs Authority (NAV). At the same time, however, the number of businesses rated risky increased also on last year’s base. Companies should be aware of the criteria based on which businesses are rated quarterly as some points of the relevant regulation change in the recent period due to amendments of legal regulations.
Read moreIn May 2017, changes in tax legislation has been approved by the Hungarian parliament. The changes have an effect on the corporate income tax, individual income tax and VAT laws.
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