Lilla Németh

NAV Online Invoice XML 3.0, the end of paper-based invoices in Hungary?

Once again, substantial changes are coming in the Hungarian National Tax and Customs Administration’s (NAV) online invoice data reporting system. With the introduction of 3.0 XML, new requirements and new opportunities will come up from 2021 for taxpayers and service providers in Hungary.
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Blog

Gábor Fajcsák

Tax changes included in the tax package that affect companies

Among the key elements of the changes planned to be included in the spring tax package of Hungary that will affect companies, we can find amendments to the rules concerning corporate income tax, social contribution tax, personal income tax, value-added tax, property tax, and excise tax.

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Bálint Szűcs, partner, lawyer, tax advisor
Bálint Szűcs
János Karczub
Miklós Héhn, Partner, Head of accounting
Miklós Héhn

Rules for the approval and accounting of dividends in Hungary

It is wise to update the rules on the approval and accounting of dividends when preparing the report. It is important for business owners to be aware that the accounting rules for waived dividends were amended in autumn 2020, since the possible decrease in profits in the light of the epidemic situation cannot be rectified by waived dividends.

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