Gábor Fajcsák

Cut tax donations – this year still according to current rules

Opportunities for tax donation from corporate tax were narrowed down on different lines in the last year. From January, sponsoring performing arts...
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Tímea Szántó

Superheroes may have customs duty and environmental product tax payment obligation!

Hungary is a popular location for the shooting of Hollywood and international film productions with studios bringing not only staff but also own equipment and requisites for shooting, which require special treatment and customs clearance.

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Investment incentives, important VAT and EKAER changes in the summer tax package

About the most important measures of the summer draft tax package concerning companies, we can say in advance that it will include employment and investment incentives as well as measures deriving from Hungary\'s obligation of international legislative harmonization. Elements of the government\'s intention to reduce red tape and minimize conflicts with European forums also appeared.

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Updated! Online invoices - HU TA will only accept data in the new format from June 4!

A change is coming in online invoice data reporting from 0:00 on 4 June. From this point, the system of HU TA will only accept online invoice data reporting in the new data format, which leaves a few weeks for switching to version 1.1. Failure to submit online invoice data reports may result in a penalty of up to half a million forints per invoice, which may represent an even higher tax penalty risk than the VAT content of the invoice.

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