The latest TP trends in Belarus

As we have written in an earlier article, key changes to the Belarusian Tax Code were expected for 2019 already in the middle of last year. The proposed changes were amended several times during 2018 and finally came into force on 1 January. Below we comment on the...

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World Tax 2019 and World TP 2019 rankings are out

According to World Tax 2019, which ranks more than 1,850 tax consultancy firms in the world, WTS Klient Hungary is in the “Tier 2” category, signifying an excellent rating. The firm also fares well in the World TP 2019 publication too, which presents transfer pricing...

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A comparison of business valuation methods

In this series of articles we have taken a thorough look at the basic elements of the most important business valuation methods, the income-based methods, the comparables methods and the asset value methods. We devote the closing part of our series to...

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Amendments to the Romanian Fiscal Code valid in 2019

The Romanian Fiscal Code was amended twice last month: firstly by Government Emergency Ordinance no. 114/2018, published in Official Gazette no. 1116 as of 29 December 2018, and secondly by Law no. 30/2019 for the approval of Government Emergency Ordinance...

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Employee training could be tax-exempt in Hungary

Finding and paying an appropriately qualified worker is an ever-increasing challenge for businesses nowadays. Additionally, from 2019 the number of benefits subject to preferential tax rates has fallen significantly, which further increases the...

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New partner at WTS Klient

From 1 January 2019, WTS Klient has appointed Szabolcs Szeles, director of the company’s financial consulting division, as a partner. His appointment as partner also means an organisational change at HLB Hungary, the entity within the Klient Group that focuses on...

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Transfer pricing court practices in Russia are evolving

Court practices regarding the application of transfer pricing rules in Russia are evolving. A recent example of the development of transfer pricing court practices is the PJSC Togliattiazot case, in which the court initially supported the tax authorities’...

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Mediated services in connection with local business tax

In Hungary, local business tax is levied based on net sales revenues which can be decreased by certain items, and thus by mediated services. You should be careful though because if the amount deducted on these grounds does not comply with the legal...

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