Manager, Tax services
Ottó Bulátkó is a qualified lawyer, tax advisor. He joined the RSM tax team in 2014 and has been engaged in taxation matters directly or indirectly for 15 years. He began his career at the tax authority, working on the interpretation and maintenance of the Act on tax proceedings and also took part in the electronic tax administration development projects. Then he gained years of experience in the audit of Large Taxpayers.
His main professional field of expertise includes tax audits, tax representation and contact with the tax authority, voluntary tax allocations and spectacular sports support.
Tax authority inspection, tax audit, compliance audit/minutes – these are the terms that every taxpayer should understand. What is more, you should know the detailed rules of the tax audit and the compliance investigation, as it is important what kind of protocol the tax authority review is based on.
Read moreAs of 1 August, the provisions of the Act on the Rules of Taxation on default penalty will be amended. The Hungarian Government, in reference to the war between Russia and Ukraine, doubles the penalty for general default, the failure to report employees, and non-compliance with the obligations to issue invoices, receipts and keep documents.
Read moreThe tax authority\'s 2024 audit plan has been published and shows that this year\'s tax audits will focus on affiliated companies, transfer pricing, employee stock ownership plans and foreign income, but large employers should also expect inquiries. The range of activities identified as high risk has also been significantly extended, including focus on income from controlled capital market transactions and cryptocurrencies.
Read moreAs of 1 July 2023, the Hungarian Vocational Training Act further simplified the rules for training the company’s own employees, providing social contribution and tax benefits, as well as labour law and administrative relief for employers registering as dual training providers.
Read moreMany companies only realise the importance of verifying their business partners and the existence of related documentation during a tax authority audit, when they are required to present their contracting procedure and, for certain business partners selected by the tax authority, their due diligence documentation. However, the outcome of the tax audit is often a tax authority report and decision in which the tax authority - citing certain objective circumstances and lack of due diligence - denies the right to deduct VAT included in the invoice received, and imposes a tax penalty, even though performance was duly made. This is because the legal regulations require a preliminary business due diligence procedure to ensure that the content of the invoice is authentic, i.e. that the actual performance is consistent with the invoice.
Read moreCertain business transactions can be carried out without the actual payment of VAT, yet very few taxpayers seize the opportunity afforded by VAT debt assumption.
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