Summary 188 posts
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.
Read moreFrom 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.
Read moreThe 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.
Read moreNext 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.
Read moreFollowing 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.
Read moreThe 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.
Read moreThe 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.
Read moreThere are only a few days left before the real-time invoice data reporting system goes live yet, according to the recent communications, the Hungarian Tax Authority (HU TA) is still planning to make some \"last minute\" modifications.
Read moreHungarian Tax Authority has confirmed that the online real-time invoice reporting obligation takes effect from 1st of July, 2018.
Read moreAt the time of company or quota sales, sellers have a tax liability (an obligation to pay income tax),let they be private individuals or companies. In connection with purchasing a company or quota, any duty payment obligations and potential subsequent uses of deferred losses must be examined.
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