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A government decree promulgated in 2015 provides companies with the opportunity of the domestic application of the International Financial Reporting Standards (IFRS) for unique reporting purposes. For some of the companies it will be an obligation while for others it will be an option to apply IFRS instead of the Hungarian accounting standards for the preparation of annual financial statements.
As part of our IFRS accounting service, our experts not only perform accounting tasks but also prepare clients’ tax returns, prepare IFRS financial statements and, if necessary, also perform IFRS-based audits and due diligence.
Our accounting team covers the latest taxation modifications and legal interpretations published by the tax authority for our clients in a newsletter. Timely information on legislative modifications significantly contributes to financial plans and effective tax optimization.
Our company’s professionals also publish on our blog.
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