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2020.04.01Coronavirus Legal

Epidemic-safe company set-up, transformation and sale or purchase of property with digital attorney counter-signature

Company proceedings, property sale and purchase contracts: almost everyone automatically remembers that an attorney is necessary for these procedures and the signature typically takes place in the office of the legal representative. Many are unaware, however, that company foundation and company transformation processes and even sales and purchases of property requiring attorney counter-signature can be carried out electronically without personally seeing the attorney.

Péter Kóczé

2020.03.26Digital

Tax Authority (NAV) extends Online Számla 2.0 deadline

The use of the NAV Online Invoice 2.0 version will not be a must from 1 April 2020 in online invoice data reporting. The deadline for the introduction of the new schema was extended by NAV until 1 July with regard to the extraordinary situation arising due to the COVID-19 epidemic.

Gábor Fajcsák

2020.03.25Tax

Covid-19, newer emergency tax measures implemented in Hungary (UPDATED)

On 23 March 2020, the Government of Hungary has announced the implementation of new tax relief measures to curb the negative effects of COVID-19 crisis on the Hungarian economy as follows.

RSM Hungary

2020.03.23Payroll

Extraordinary steps to mitigate the economic damage caused by the coronavirus epidemic

The extraordinary measures of today\'s decree also reduce the burden on employees and employers in the most affected sectors. A quick summary of details concerning payroll.

Bálint Szűcs

2020.03.20Legal

Extraordinary measures override the Labour Code

According to the regulation published in today\'s Hungarian Official Gazette, the new package of measures has overridden several labour law rules. Teleworking and working from home can be ordered independently of an employment contract, as the possibilities for derogation from the Labour Code are extended.

Bálint Szűcs

2020.03.19Coronavirus Legal

What can employers do and what not in the COVID-19 situation according to the Labour Code?

We discuss the labour law questions most frequently asked in the COVID-19 induced pandemic situation based on the Labour Code. What can employers do, how can it change the working hours and the employment of employees?

Gábor Fajcsák

2020.03.19Tax

Don’t let coronavirus overcome your company – apply for a tax reduction. UPDATED!

The global coronavirus epidemic affects all sectors of the economy, however, the service sector, and in particular tourism and catering, is the industry that is hit the earliest. What can companies do right away to alleviate the difficulties in paying their tax liabilities?UPDATE: According to the latest announcements, the Hungarian Tax Authority fairly appraises entrepreneurs\' tax relief requests.

RSM Global

2020.03.04RSM

RSM’s global revenue jumps 6.9% (8.8%) powering network growth to $5.74bn

RSM, the leading global audit, tax and consulting network focused on the middle market, has announced global revenues of US$5.74 billion for 2019, representing a 6.9% year-on-year growth at average exchange rates (8.8% at constant exchange rates). The network also reported a headcount increase of 1,872 and 54 new offices across the globe.

József Vizer

2020.03.02Coronavirus Tax

Tax payment and Hungarian Instant Payment system

The Hungarian Instant Payment system, which will apply to B2B transfers and payments made to the tax authority as well, has been launched on 2 March, 2020. It is important that only payments between Hungarian HUF accounts are going to be instant; the change will not affect accounts in any other currency.

Péter Kóczé

2020.02.28Coronavirus Digital

NAV online invoice 2.0 - the final countdown started

The latest version of the Online Invoice has been updated in the live system of the Hungarian Tax Authority (NAV) yet. The most significant change is the new 2.0 XSD schema and its associated endpoint, which eliminates all obstacles to the mandatory use of the 2.0 online invoice version which will go live on 1 April.

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