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Taxation changes in 2022 - How do we tax in 2022 in Hungary?

A number of taxation changes will be introduced from January, including VAT, tax planning, corporate income tax (CIT),personal income tax (PIT),small business tax (KIVA),social contribution tax or local business tax (LBT),so companies will have a lot to think about. Here is an overview of the tax related changes important for companies that will take effect from 2022.

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The taxpayer has the right to supportive tax authority administration

The European Court of Justice recently made a decision in another interesting case with Hungarian implications. The ruling relates to a special topic of the VAT Act, that of the VAT reclaim procedures of foreigners. In the justification of the ruling, the court also refers to areas of procedural law that are of interest to Hungarian companies as well.

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Risks of a generation change - advantages of planned wealth transfer

Whether we are talking about a generation change within a family or the selling of a company, a customized structure serving the security of company assets and ensuring the continued operation of the company should be developed. An unregulated transfer of a company or wealth brings the risk of a reduction in value. The key is therefore conscious organization development and timely started preparation.

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Tax allowances to boost youth employment

The corona epidemic posed a major challenge to the Hungarian economy affecting, among others, the income of the young population. However, incentives both within and outside the scope of the tax regime support the improvement of the labour market situation of young people. We gathered information on what employers and young employees may expect below.

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How should you plan your webshop?

From 1 July 2021, the rules relating to web shops are amended at EU level. Businesses selling goods and services through web shops should prepare for this in advance to ensure an optimal way of sales and administration. With the right business model companies can, on the one hand, achieve tax savings and, on the other hand, cut administrative burdens. Otherwise, web shops will run a risk and may even expect substantial tax penalties.

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Equity Problems and Tax Aspects

A company\'s equity problem may have an effect on the company form and may even lead to the termination of the company. If the loss of capital is revealed in relation to the preparation of the financial statements, the company must act as soon as possible in order to resolve the situation. When to act, how much time does the company have and what directions can the company go in to resolve equity problems in Hungary?

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Tax changes included in the tax package that affect companies

Among the key elements of the changes planned to be included in the spring tax package of Hungary that will affect companies, we can find amendments to the rules concerning corporate income tax, social contribution tax, personal income tax, value-added tax, property tax, and excise tax.

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