Summary 191 posts
After 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 moreThe new conditions for wage subsidies are more favourable, facilitation of deadlines in respect of reporting and taxation, SZÉP card changes and confirmation of social contribution tax (”szocho”) rate reduction. These are, among others, the latest regulations to mitigate the economic effects of the coronavirus.
Read moreAs part of the Action Plan to protect the Hungarian economy, new measures have been introduced in Hungary to preserve R&D workers’ workplaces. The government measures relate to the coronavirus pandemic, and take the form of a wage subsidy available for employers. The measures are applicable as of 15 April 2020, and businesses in various sectors could take advantage of them, such as IT and software development companies, pharmaceuticals, chemical companies, companies in the financial sector and manufacturers.
Read moreIn order to reduce the negativ economic impacts of COVID-19 crisis, Hungarian government announced new measures: net wage subsidy, tax and administrative reliefs, and introduced retail tax.
Read moreTracking rapid global stimulus legislation
Read moreOn 23 March 2020, the Government of Hungary has announced the implementation of new tax relief measures to curb the negative effects of COVID-19 crisis on the Hungarian economy as follows.
Read moreThe global coronavirus epidemic affects all sectors of the economy, however, the service sector, and in particular tourism and catering, is the industry that is hit the earliest. What can companies do right away to alleviate the difficulties in paying their tax liabilities?UPDATE: According to the latest announcements, the Hungarian Tax Authority fairly appraises entrepreneurs\' tax relief requests.
Read moreCompanies can take the opportunity of tax donation at the time of advance corporate tax payment replenishment this year as well, the deadline still being 20 December.
Read moreThe 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.
Read moreAccording 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.
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