Senior manager, Tax services
Economist and registered tax advisor Kinga Csepei joined the Tax team of RSM Hungary in 2014. She specializes in international tax affairs, wealth and estate planning, and family businesses relevant tax issues. She manages tax planning and tax structuring projects and private wealth planning advisory services.
Kinga has over 15 years of professional experience. She worked as an internal tax advisor for large multinational companies and also as a tax expert for international consulting firms. During her career as a tax advisor, she could meet the highest expectations in a very competitive market. She has versatile experience in international taxation, tax structure development, tax planning, complex tax advisory services, and the preparation of tax calculations and tax returns.
Below we have summarised the most important provisions of the 2023 tax packages* that come into force as of 1 January 2024. Let\'s take a look at the changes affecting the CIT, VAT, PIT, and other taxes that every Hungarian company should be aware of.
Read moreAlthough the government\'s efforts had previously pointed towards administrative simplification, new excess profits taxes have been introduced due to external and internal economic factors.
Read moreA company\'s equity problem may have an effect on the company form and may even lead to the termination of the company. If the loss of capital is revealed in relation to the preparation of the financial statements, the company must act as soon as possible in order to resolve the situation. When to act, how much time does the company have and what directions can the company go in to resolve equity problems in Hungary?
Read moreSmall business tax (KIVA) may become an attractive option for more companies from 2021. The small business tax rate may be cut to 11 percent from next year, while certain limits of KIVA-eligibility will increase. The special tax rate assessment rules may be more favourable for many businesses than corporate tax but not for all.
Read moreAccording to the Personal Income Tax Act, regarding taxable personal insurance schemes (including both risk or non-risk insurance schemes) that are starting in 2018 but continuing into 2019, it was possible for the employer to pay the premium more favourably than salaries. Regarding insurance years commencing in 2019, this favourable transitional rule can no longer be applied. Accordingly, companies must give due consideration to the conditions under which they can optimise these benefits.
Read moreThe new Act on Social Contribution Tax effective from 1 January 2019 was basically novel relative to former regulation in terms of the integration of health contribution and the transformation of the system of allowances while the reduction of the tax rate with effect from 1 July made employment cheaper. A further 2 percentage point reduction is expected from 2020.
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