Summary 147 posts

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 organizations is no longer an option and with the acceptance of the summer tax package, the corporate tax top-up obligation is eliminated and, as a result, the relating tax donation also ceases.

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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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HU TA Online invoices: 3+1 tasks for May

It is already apparent that this year also brings a number of challenges for taxpayers in relation to real-time invoice reporting. The extension of the deadline for the online invoice version change announced in the beginning of the year until 4 June gives another month to review four areas.

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Helga Kiss, tax director, RSM Hungary
Helga Kiss
Tax
Helga Kiss, tax director, RSM Hungary
Helga Kiss
Tax

Online invoice - from one to two

Although the deadline for this year\'s first modification phase has not yet expired, HU TA has already announced that the next step in online invoice data reporting will be version 2.0. Unlike in the tax authority\'s preliminary plans, not only an adjustment but a larger scale transformation should be expected in relation to online invoice reports.

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Film subsidy 2019

From 1 January 2019, the film productions registered with the National Film Office may account for costs acknowledged for the purposes of the film subsidy according to the Film Act* amended at several points. This may come handy for the domestic production of series with many characters but the base of the film subsidy may reduce in the case of employing high-paid, typically foreign stars.

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