Business gate registration with authorisation – in practice

As we already covered in a previous article, business organisations must communicate electronically with the state from 1 January 2018 based on Act CCXXII of 2015 on the General Rules of Electronic Administration and Trust Services. The state enables documents to be...

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Quick assessment of investments – calculating profitability

In two of our previous articles we analysed how we can calculate costs and expected profits to gain  a clearer picture for our investment decisions. Both of these factors can be classed in the static investment calculation category. In this category we now explore...

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New transfer pricing decree: administration to change

In a previous article on transfer pricing documentation we looked at the most important changes affecting transfer pricing records over the years. We also intimated in the article that the documentation will have to contain even more information in the future to make...

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Breaching rules on working hours and rest time

According to the report of the Ministry of National Economy’s Labour Supervision Department on the first half year inspection findings of the labour authority for 2017, the number of infringements regarding violations of working-hour and rest-time rules is declining,...

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Posting rules from the perspective of social security

The social security systems of EU Member States vary significantly, and experience shows that the Member States do not even strive to harmonise them. In practice they are only coordinated, so that foreign employees do not find themselves...

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Significant or not significant error? That is the question…

A company can learn about various pieces of information during the year that affect the results of previous, closed financial years, be they errors discovered during self-revisions, or in a worse-case scenario, tax shortfalls found in a tax inspection along with the...

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Lubricating oil and excise tax: whats this about?

When it comes to excise tax, most of us think of the so-called “ABC” products, namely alcohol (wine, beer), petrol (“benzin” in Hungarian, meaning petroleum products used as fuel), and cigarettes (tobacco and cigars). Fewer think of a restrictive measure in the case...

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The be all and end all of taxation policy: predictability

Hungary is a very popular destination in Europe for investments. Its geographical location in the middle of Central Europe is a valuable asset for the country. This benefit combined with advanced infrastructure creates optimal conditions for new investments. Proximity...

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Labour law framework for an intercompany posting

In the transnational economic area, it is increasingly common for foreign parent companies to send their employees, particularly expert professionals, middle-level and senior executives, to work at their Hungarian subsidiaries. Their tasks primarily...

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EKAER number – the wound that never heals II.

As I emphasised in the first part of the article, the introduction of the EKAER number considered a success story by the Hungarian authorities, and the consequences of the system, are causing difficulties for more and more taxpayers not only because of the...

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Foreign workers – the rules of taxation

Cross-border employment is a key issue in terms of taxation as well since it is important to define the country where the income of workers is taxable. Foreign workers – how to define tax residence?  When examining the income tax payment...

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Legal aspects of employing foreigners – VIDEO

It is worthwhile clarifying the legal framework to foreign employees working in Hungary prior to their posting. Dr. Petra Eszter Deli, legal expert at WTS Klient Hungary, talks in this video about the various solutions as well as the obligations of both...

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EKAER number – the wound that never heals I.

“The introduction of the EKAER has been a success story, and our neighbouring countries would like to “import” the system.” - According to the authorities, the system is good and has achieved its goal. Those who use the system and taxpayers making mistakes in the...

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