Preparing financial statements is one of the most complex annually recurring tasks in corporate accounting. The preparation of annual financial statements is not only a legal requirement, but also a key element of corporate transparency. During the closing process, it is essential that all items are processed accurately and in line with the Accounting Act.
Read moreThe implementation of a new ERP system is not merely an IT project, but a complex transformation that affects nearly every operational area of a company. This is especially true when the ERP system is provided by a foreign parent company and needs to be adapted to the Hungarian regulatory environment. The key to a successful implementation lies in thorough planning, well-thought-out processes, and, last but not least, the involvement of appropriate expert support – particularly in the areas of taxation and accounting.
Read moreUnder the Hungarian NIS2 regulation, organizations may also fall within the scope even if the business operation or the number of employees is limited, but the entity’s revenue or sectoral relevance meets the thresholds set out by the legislation. A typical example would be a solar park operator that employs only a few individuals, yet qualifies as a NIS2-regulated entity due to its high turnover or critical role within a key sector.
Read moreFrom 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 moreOn the basis of our team of experts' complex tax, VAT, IT and legal expertise and experience
we are able to provide an effective advisory to our clients to fulfil real-time invoice reporting obligations.
