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When transitioning to a foreign currency, companies need to review their contracts first to check which currency is used and whether the contracts concluded in Hungarian forints can be amended. Dr. Tamás Felsmann, the tax law specialist of WTS Klient Hungary talks about the rules for transition of bookkeeping to a foreign currency and its special reporting obligations in the video.

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Legal aspects of changing to accounting in a foreign currency

 

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This article is for general information purposes only and should not be considered as advice.

switching to accounting in a foreign currency transititoning to accounting in a foreign currency