Chairman of the Board
Managing Partner
The founder of the RSM group with more than 20 years of experience in accounting and the domestic and international taxation of medium-sized companies and multinational conglomerates. In addition to leading RSM, he is actively involved in the design of Hungarian and international tax structures, private wealth planning and corporate restructuring. He is a member of the Presidium or Supervisory Board of a number of organisations.
A growing number of articles is published in relation to “cégkapu” (company portal) and its problems but it is still not quite clear why “cégkapu” is necessary and how companies should register. We would like to help to clarify the scope of affairs which can be administered through “cégkapu” and to explain why it is important providing you with a simple and straightforward summary below.
Read moreFurther reduction of contributions would be necessary for the competitiveness of Hungarian companies and wages to be able to improve. For the competitiveness of companies, the most important factors are the availability of properly qualified and sufficient employees and the evolution of the total cost of employment.
Read moreLeading audit, tax and consulting network, RSM, has reported growth in global fee income of 7.6% for the year ending 31 December 2016. Total fee income for the period increased to US$4.87billion.
Read moreIf a seller starts negotiations for the sale of its company, the first thing to clarify is what the subject matter and the proposed structure of the transaction is. In this regard, there are generally three basic solutions that should be considered; the options of a share deal, an asset deal or a division transfer.
Read moreAs any decision of the Court of Justice of the European Union concerning Hungary, the case of Hervis Sport- és Divatkereskedelmi Kft. (C-385/12) also received much attention, but this matter was not resolved with last week’s decision. The ball is on the Hungarian court again as it is now up to the Hungarian court to decide whether the special retail tax is actually detrimental to foreign company groups.
Read moreHaving one’s achievements recognized is always a good feeling, particularly so when this does not come from one’s immediate environment.
Read moreAs to the structure of the tax regime, the tax package of 2014 contains changes much less significant than the similar packages of the previous years. Still, 31 legal regulations will be amended from the beginning of next year to implement the details of the new rules.
Read moreDespite the global crisis, the number of businesses grew spectacularly in recent years in large emerging economies. While from 2007 to 2011 the number of active businesses increased by only slightly more than 3 percent in the most developed countries of the world, there was a 25 percent growth in this regard within the BRICS group of the largest emerging countries – the survey “Business Births and Deaths” of the international financial and tax consulting network RSM International reveals. News is even worse from a Hungarian perspective as we have the worst result even within the European league: in 2011, the number of active businesses exceeded that of 2007 by only 0.3 percent.
Read moreAs the action for failure to fulfil obligations filed against Hungary in relation to the special taxes imposed on the telecommunication and retail sectors enters into its second phase, a suspicion arises that, in time, a similar future may await the recently accepted amendments concerning insurance tax and local business tax.
Read more
