Summary 278 posts
In its regulations issued in November, the Government provides new subsidies to help the sectors most affected by the emergency. Some of the measures are the same as in spring in a repackaged form, while accommodation providers may request targeted subsidies under certain conditions.
Read moreThe state of emergency introduced due to the second wave of the coronavirus pandemic urged to make the rules of remote work clear or at least make it more flexible. One of the newest decrees of the government aims at filling this void now.
Read moreSmall business tax (KIVA) may become an attractive option for more companies from 2021. The small business tax rate may be cut to 11 percent from next year, while certain limits of KIVA-eligibility will increase. The special tax rate assessment rules may be more favourable for many businesses than corporate tax but not for all.
Read moreDraft VAT returns, changes to small business tax thresholds, local business tax administration change, and automatic payment assistance for reliable taxpayers and private individuals. The autumn tax package may bring changes to a wide variety of areas in Hungarian taxation.
Read moreSubstantial changes are coming in the NAV online invoice data reporting system with yet another sprint starts for programming and finance experts for the preparation of invoicing programs and data reporting software. The deadline for the conversion to 3.0 XML in January is relatively short but the Hungarian tax authority grants a sanction-free period to taxpayers until April.
Read moreNext year, employers and employees we will only have to plan with one moved working day. The first long weekend of 2021 will fall on the start of the year, 5 rest days will be on weekends and, in addition, we will have six long weekends and a 4-day weekend in the coming year.
Read moreOnce again, substantial changes are coming in the Hungarian National Tax and Customs Administration’s (NAV) online invoice data reporting system. With the introduction of 3.0 XML, new requirements and new opportunities will come up from 2021 for taxpayers and service providers in Hungary.
Read moreProvisions of the Act on the Rules of Taxation relating to the Hungarian Electronic Trade and Transport Control (EKAER) system will be amended from 1 January 2021. For example, the group of products to be reported in the road freight transport control system will change.
Read moreWith the end of the grace period approaching, the Hungarian tax authority applies enhanced scrutiny to the online invoice data reporting of companies and also compares the invoice data received to domestic recapitulative statements. Due to the changes in the regulation of online invoice data reporting and the digitalization efforts of NAV, there is a greater focus on the testing of the quality of data reporting.
Read moreThe changes entered to force from 1 July prompted experts who prepare VAT returns to reconsider certain things. From the second half of 2020, the value limits on incoming invoices to be declared on MSheets of the VAT return and outgoing invoices to be reported in the Hungarian Tax Authority online invoice data reporting system were eliminated.
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