The meaning and purpose of the ESG (Environmental, Social & Governance) framework is to ensure that companies operate in a sustainable manner over the long term, while taking into account environmental, social and governance aspects. HR plays a key role in the social pillar of ESG where diversity, equity and inclusion are of paramount importance.
Read moreThe Environmental, Social & Governance (ESG) framework is increasingly playing a significant role in corporate operations and reporting obligations, with one of its goals being to assist in compliance with the European Green Deal. In our blog, we will review what ESG entails, how it impacts various industries, and the requirements imposed by international and domestic regulations. Learn what companies need to prepare for in light of the new reporting standards!
Read moreAccording to the Hungarian Gazette published on 8 July 2024, the rules for the social contribution tax benefits for labour market entrants are becoming stricter. Please find below our summary of the changes companies need to consider regarding social contribution tax (szocho in Hungarian) from 1 August 2024.
Read moreAs of 1 August, the provisions of the Act on the Rules of Taxation on default penalty will be amended. The Hungarian Government, in reference to the war between Russia and Ukraine, doubles the penalty for general default, the failure to report employees, and non-compliance with the obligations to issue invoices, receipts and keep documents.
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.
