Blog

2019.01.15Digital

Hungarian online invoice reporting system meeting expectations but needing correction

The first result figures of the six months since the launch of the online invoice reporting system confirm that the real-time invoice data reporting service met expectations in terms of improving the efficiency of VAT collection. The Hungarian tax authority is able to identify fraudulent businesses almost immediately and in an automated manner relying on the data submitted through the solutions provided by the companies obliged to report data and their service providers.

Sándor Hegedüs

2018.12.04Accounting Tax

Use of the "cégkapu" portal, electronic contract keeping in tax matters in 2019

Changes will be introduced regarding electronic contract keeping and the use of the company public administration portal \"cégkapu\" from 2019. Obliged companies will need to pay attention to the following when using \"cégkapu\" from January.

Gábor Fajcsák

2018.11.26Tax

Who should choose group taxation?

Based on the adopted tax laws for the coming year, Hungary will join a number of European countries with a modern tax system, where group taxation is also available with regard to direct taxes, in addition to the VAT. From the 2019 tax year, it will be possible also in Hungary to choose group corporate taxation, which can be notified to the Tax Authority in the first two weeks of January. Let us see who should choose this and what aspects should be considered in the next two months?

Sándor Hegedüs

2018.11.14Tax

Autumn tax package 2019 – changes in the Corporate Income Tax, Rules of Taxation Act, Tax Administration Act and foreclosures

The autumn tax package has passed by the Hungarian Parliament on 13 November 2018. Below we summarise the most important amendments affecting the corporate income tax, tax administration, and foreclosure procedures.

Sándor Hegedüs

2018.11.08Tax

Draft of the Autumn Tax Package 2019 – VAT, PIT, Social Security and Tax Rule Changes

From the amendments included in the autumn tax package, we discuss the key points of VAT on vouchers, new flats, and leasing and the rules of personal income tax, social security, social contribution tax, small taxpayers\' itemized lump sum tax (\"KATA\") and customs duty below.

Péter Kóczé

2018.09.24Digital

Online invoice reporting mission: accomplished!

The NAV real time invoice reporting process launched in July was like a competition where the contestants tried to complete the racetrack in \"vehicles\" purchased off the shelf or developed and built by themselves. The June test period was prolonged by a useful leniency month, thus all entities were required to come up to par by 31 July while continuous compliance has been mandatory since 1 August.

Edina Pentz

2018.09.03Payroll

Holidays and shifted workdays for 2019, Hungary – plan around this!

Next year, it is necessary to plan on three working days being shifted, a recently published Finance Ministry decree shows. Together with the long weekend at the beginning of the year and the extra long Christmas break, this means that a total of seven long weekends have to be reckoned on in 2019.

Helga Kiss

2018.08.02Tax

Level of film rebate for Hungarian production increases to 30 percent

Following a green light from the EU Commission, the level of indirect film related tax rebate in Hungary rises to 30% from 11 June 2018. The boosted proportion of film incentive is guaranteed to 31 December 2024, thus in an ever-more competitive regional situation the Hungarian film industry has a much better chance of maintaining its role as market leader. No changes are expected in the application process for film grants.

Sándor Hegedüs

2018.07.05Tax

Hungarian Tax package - CIT, PIT, fringe benefits

The Hungarian government introduced its summer tax package on 19th June. The most important proposed changes for 2019 in the field of taxation of individuals and corporations detailed below.

Dániel Sztankó

2018.07.02

No sanctions period until July 31 for RTIR

The Hungarian Authorities have issued a statement over the weekend that no sanctions will be applied until 31 July if the taxpayer registers for the real-time invoice reporting with the Hungarian Tax Authority and reports the affected invoices online until 31 July 2018.

RSM Film & Movie

Featured tags

Subscribe to stay up to date!