Until 2018, the Act on Personal Income Tax made it possible for employers to provide employees tax-free housing support up to an amount of 5 million forints. This popular tax-free benefit form is no longer available from 2019 but the submission, collection of the certificates relating to support provided earlier is in the interest of both employees and companies.
Read moreThe new European Union\'s General Data Protection Policy (GDPR) enters into force on May 25, as you probably aware of that. RSM Hungary has handled your personal data in compliance with the applicable legal regulations and with the utmost care, and in the renewed regulatory environment it continues to do so.
Read moreThe VAT Act maximizes the period during which input tax can be deducted without self-revision in two years. The regulation entered into force in the beginning of 2016 which means that this year-end will be the first turning point in respect of the deductibility of tax.
Read moreThere is no surprise in the draft of the Act on Social Contribution Tax promulgated last week; the contribution payable by employers will decrease by 2.5 percent to 19.5 percent in 2018.
Read moreEffective from 1 July 2017, the advertisement tax rate will be raised from 5.3% to 7.5% for taxpayers with sales revenues from advertising exceeding HUF 100 million. In the period of January to June 2017, the tax rate will be lowered to 0% to avoid the taxation of companies retroactively and to ensure equal treatment of taxpayers. These measures will result in an effective tax rate of 3.75% for the entire year 2017.
Read moreThe text of the draft tax bill also contains a few provisions that introduce new rules to the Act on Personal Income Tax, while the majority of the changes represent supplementation and clarification of effective statutory provisions.
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