Press release
Obligations and challenges of newly established businesses
In addition to reporting and filing obligations for newly established businesses, it is also worth considering the choices that affect bookkeeping.
Funeral leave upon death of a relative
Funeral leave, i.e. exemption from work in the event of the death of a relative, is granted to employees in Hungary for two days.
ViDA package to bring radical changes to VAT
The first changes derived from the ViDA package, such as the abolition of call-off stock rules, could come into force in Hungary as early as 1 January.
Interim dividend: payable when, how and to whom?
When can a company decide to pay an interim dividend? Who can decide? What are the payment conditions? What are the tax implications?
ITR World Tax Leaders 2025 are now live
Five tax experts of WTS Klient are in the ITR World Tax Leaders 2025, a compilation of the world’s best tax experts.
ITR Tax Awards 2024: finalists in four categories for WTS Klient
WTS Klient Hungary is in the final in four categories of the ITR Tax Awards 2024, the world’s biggest tax competition.
UPDATED! Changes to fitness for work test from September 2024
Rules on the fitness for work test to change in Hungary from September 2024. But is it really to disappear for everyone?
Fixed establishment for VAT purposes
The issue of a fixed establishment is important, as is whether a company can be a fixed establishment of the parent company or of another group company.
New acquisition at WTS Klient
With the acquisition of VGD Hungary WTS Klient will be now clearly the largest player on the Hungarian tax consulting and accounting market after the BIG 4.
Default penalties to double
From 1 August 2024 onwards, certain default penalties from the Hungarian Tax Authority are set to double. The changes affect all taxpayers.
Tax obligations of accommodation providers in Hungary
Ad-hoc private accommodation providers can also encounter a lot of tax rules when letting out their property. We’ve put together what you need to know.
WTS Legal Attorneys Association established
On 1 June 2024 WTS Legal Attorneys Association, cooperating closely with WTS Klient and WTS Global started its operations.
Tangible assets in accounting
What are tangible assets? How should they be managed and recorded? How should depreciation be calculated on them? How do we derecognise them from the books?
VAT refund application: one-month deadline is not peremptory
The European Court of Justice recently ruled in favour of taxpayers on a foreign VAT refund application. We delved into the issue.
E-VAT: what does M2M data exchange mean?
Within the e-VAT system, VAT return data can now also be submitted to the NAV via an M2M connection. But what does M2M data exchange mean?