Summary 278 posts

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.

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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.

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RSM Hungary – Audit | Tax | Advisory
RSM Global
RSM

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.

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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.

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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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Digital tax revolution in Hungary

Hungary is at the top regarding the VAT rate and the rate of the VAT-gap reduction. We may feel right in the middle of a digital tax revolution. Regarding taxation, we can witness changes of such scale and intensity that are unprecedented.

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