Summary 415 posts
From 2025, the Hungarian tax authority introduces a new system for imposing late payment penalty: instead of an annual one-time charge, late payment fee is charged monthly on the tax account. This means that the fee on late tax payments is calculated and collected for each month.
Read moreThe focus of company acquisitions is always on the price, but transactions are not solely determined by rational financial decisions. The emotional attitudes, intuitions, and psychological biases of sellers and buyers can significantly influence the process. Let’s take a look at the two main pricing methods and the psychological factors that must be considered for a successful transaction.
Read moreThe 2025 inspection plan of the National Tax and Customs Administration (NAV) outlines the areas that will receive special attention from the tax authority in Hungary. Similar to previous years, targeted inspections are expected based on risk analysis, with particular focus on data reconciliation procedures, preliminary checks of business partners, and high-risk activities.
Read moreThe 2024 personal income tax (PIT) return drafts prepared by the National Tax and Customs Administration (“tax authority”) have been available on the eSZJA platform from 15 March 2025. However, it is crucial for all taxpayers to carefully review and, if necessary, modify their draft return to avoid tax risks and take advantage of tax reduction opportunities provided by law.
Read moreThe Hungarian tax authority’s data reconciliation procedure introduces significant changes that not only support companies’ compliance but also enhance the efficiency of the tax authority’s operations. One of this year\'s key innovations is the advancement of data-driven systems and the application of AI-driven risk analysis for the targeted selection of tax audits. The procedure specifically focuses on data quality, as accurate and consistent data is essential for proper data analysis.
Read moreTransfer pricing has long been a priority area for tax authority audits. While tax audits overall show a declining trend, the number of transfer pricing audits and compliance reviews has significantly increased, largely due to the introduction of transfer pricing data reporting related to corporate income tax.
Read moreAs the 2025 deadline for preparing transfer pricing documentation approaches for companies with a calendar fiscal year, the issue of subsequent transfer pricing adjustments is once again coming into focus. In recent years, in Hungary significant tightening measures have been introduced which all companies should take into account to avoid tax risks.
Read moreA new Hungarian regulation under the NIS2 framework has been introduced, governing the methodology of cybersecurity audits and the official price cap, i.e., the maximum fee that can be charged for a cybersecurity audit.
Read moreGlobal minimum tax is not only a new tax rule but also a complex compliance challenge for the companies concerned. The preliminary data reporting and notification obligations already raised serious questions, but the real challenge will need to be faced during the 2024 year-end closing and audit. In case a group member subject to the global minimum tax dos not meet any exemption criterion, additional tax liability may arise. Time is short and compliance requirements are complex - so there is no point in delaying preparation. It is worth thinking through the necessary steps now to avoid unexpected tax burdens and compliance risks.
Read moreRSM, one of the world\'s leading audit, tax and advisory networks, has achieved revenues of USD 10 billion in 2024, a 6 percent increase compared to last year. RSM\'s European revenue was USD 1.9 billion, up by 8 percent.
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