VAT – 10 things worth paying attention to in 2020!

The changes of VAT regulations may concern several sectors and companies; we have collected the areas worth paying special attention to in 2020 due...
Read more
Gábor Fajcsák

Autumn tax package 2019 – key changes affecting enterprises

The draft tax package brings significant changes in terms of real-time invoice data reporting obligations as the HUF 100,000 threshold is removed and the scope of included transactions is significantly expanded.

Blog

All roads lead to digitization in taxation as well

Also as a result of electronic data disclosures – real-time invoice data reporting, EKAER, or online cash register data – the estimated VAT gap in Hungary has decreased considerably in the course of the past 5 years, to 9 per cent in 2018. In the meantime, the scope of tax information possible to be digitally queried from HU TA databases is extended significantly.

Read more

Cafeteria – the taxation of employer group insurance schemes is changing!

According to the Personal Income Tax Act, regarding taxable personal insurance schemes (including both risk or non-risk insurance schemes) that are starting in 2018 but continuing into 2019, it was possible for the employer to pay the premium more favourably than salaries. Regarding insurance years commencing in 2019, this favourable transitional rule can no longer be applied. Accordingly, companies must give due consideration to the conditions under which they can optimise these benefits.

Read more

Brexit guide for UK companies operating in Hungary

At the moment there is no clear single scenario with respect to how the Brexit will evolve (no-deal Brexit, postponing the Brexit, some sort of deal, etc). We think reasonably prudent businesses should start preparing for no-deal Brexit, despite the probability of other scenarios.

Read more
More posts
 More