All about Real-Time Invoice Reporting

2023.05.25

Important changes planned by the Hungarian Tax Authority

Ever since the launch of the Online Invoice System, the Hungarian Tax Authority has been implementing both minor and major changes to the platform from time to time. Most recently, a change affecting a large number of businesses was announced by the Tax Authority in January, which was originally planned to go live on 15 May. However, according to the most recent news from the Hungarian Tax Authority, the go-live of the change has been postponed until 18 September. This means that companies that have failed to prepare for the changes involving corrective and cancellation invoices have nearly four more months to get ready

Dániel Sztankó

2023.05.25

Five cases where VAT is payable abroad

A number of Hungarian businesses are involved in international trade, including intra-Community supplies of goods, import of goods from third parties or supplies of services abroad. For cross-border transactions, a key aspect that should be examined is whether there is a requirement to register for VAT abroad and whether any VAT liability arises abroad. In this blog entry we present five cases where companies are required to pay VAT abroad in connection with cross-border transactions.

Dániel Sztankó

2023.05.24

Stricter EKAER requirements for certain food products on a temporary basis

Government Decree No. 130/2023. (IV. 18.) issued on 18 April sets out new requirements for the Electronic Trade and Transport Control System (EKAER) and the obligation to provide security which apply to certain so-called sensitive goods. The new Hungarian EKAER requirements are temporary and are effective until 1 July 2023.

Károly Udvardy

2023.04.28

When is a holding structure the right choice?

The majority of small and medium-sized enterprises are destined to face an increasing number of challenges as they grow in size. A carefully developed holding structure offers asset protection and tax optimisation benefits and is suitable for simplifying corporate governance processes. What is a holding company, and what are the benefits of a holding structure? Who should establish a holding company, and when? The key facts of holding structures are summarised in this post.

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Important changes planned by the Hungarian Tax Authority

Five cases where VAT is payable abroad

Stricter EKAER requirements for certain food products on a temporary basis

When is a holding structure the right choice?

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