Summary 10 posts
As part of the COVID-19 Economic Protection Action Plan, the Hungarian government has launched a new wage subsidy programme now to enhance job creation. Its main purpose is to provide help in recruitment for employers who have been forced to lay off workers in recent months due to the economic impact of the coronavirus.
Read moreAfter a seemingly long wait for professionals, the decree was promulgated postponing the annual tax liabilities of companies and the publication of the report in view of the coronavirus epidemic until 30 September 2020. It is worth considering what is affected by the postponement and what is the best decision for the company!
Read more12 October is also the deadline for social security contribution and social contribution tax return filing and payment for foreign enterprises not having the obligation to register in Hungary.
Read moreDuring the spring season the Parliament accepted Act LXVI of 2016 covering personal income tax (PIT) changes, which also substantially and fundamentally amends at several points fringe benefits giving the backbone of cafeteria systems. The changes may force companies to rethink their cafeteria systems. We wish to help in this process with this post.
Read moreA recent amendment of the relevant tax legislation (published on the 27th of June) has introduced an additional payment liability. Taxpayers include marketing licensees of medical products or their distributors.
Read moreOne should always pay attention to the decisions of the EU Court of Justice. Recently, for instance, the European Court of Justice made a decision in two joined Hungarian cases providing a clearly defined framework for the former standpoint and practice of the Hungarian tax authority in respect of the exercising of the right of VAT deduction. The court in Luxembourg also made decisions in other disputes, which elevate the partnership between taxpayers and tax authorities to a higher professional level – provided, of course, that the tax authority is also open, prepared and willing to act as a partner.
Read moreElectronic invoicing is a promising solution for smaller companies too (as I have pointed out in my post Major opportunities presented by electronic invoicing, as for now, available only in Hungarian). However, the administration and archiving of e-invoices is also especially important. A summary of information on these matters follows below.
Read moreInnovative solutions allow growth and progress at a time of crisis also – this is the message of the twenty Hungarian companies that have made it to this year’s finalists of the prestigious European Business Awards. All of these companies attribute their success to an ability to constantly reinvent themselves. The finalists also have the chance of winning the highly acknowledged Ruban d’Honneur award. European award winners will be revealed in September.
Read moreAn unprecedented online poll will start on 6 September 2012. On the website of the European Business Awards you may view a short film on each competing enterprise including the 19 Hungarian finalist presenting the activities and achievements as well as future objectives of the company. Visitors may cast their votes based on these few-minute films and the national champions in the 27 participating countries will be selected on the basis of these votes.
Read moreThere is no need to emphasize the importance of employee satisfaction: how an employee feels within an organization and the extent an employee feels that his or her expertise and work are appreciated have a major effect on his or her attitude to work and performance and these may not only determine the entire quality of life of the employee, but indirectly they may also influence the employer company’s performance and reputation. We have to see, however, that there are major differences between the factors driving the satisfaction and the motivations of generations. We examined the main differences.
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