Press release
Hungarian branch of a foreign-registered company
In our article we have summarised the most important aspects worth considering in connection with a Hungarian branch of a foreign-registered company.
New 40% tax rate for low tax bracket entities in Hungary
An amendment which will enter into force next year, will significantly increase the tax burden of low tax bracket entities or their clients.
Law No. 7256: tax amnesty in Turkey
According to Law No. 7256, tax debts may be restructured in Turkey for tax and tax-related penalties for a certain period if the given conditions are fulfilled.
Here are the adopted 2021 tax amendments in Hungary!
In our latest WTS Klient Newsflash we have summarised the key points of the adopted 2021 tax amendments in Hungary that are important for decision makers.
Online invoice 3.0 – is automation here?
By implementing the online invoice 3.0 system, business automation receives a long-awaited boost. In our article we summarise exactly why.
Tax payment relief in second wave of coronavirus pandemic
In November the hardest-hit sectors are eligible for tax payment relief: social contribution tax, rehabilitation and vocational training contribution exemptions.
New rules for fringe benefits paid to SZÉP cards still valid for another six months
Exemption from social contribution tax for fringe benefits paid to SZÉP cards and strict regulation of acquiring shares in strategic companies will be extended.
5% VAT on homes – it’s back
From 1 January 2021 until 31 December 2022 the sale of new residential property in Hungary will again be subject to the preferential rate of 5% VAT on homes.
Additional fiscal measures in Romania in response to ongoing pandemic
On 26 October the Government published an ordinance, which introduces additional fiscal measures in Romania and includes the extension of some deadlines.
VAT obligation for free of charge supplies
A recently published judgment of the Court of Justice of the EU may bring new rules for the VAT treatment of free of charge supplies of public purpose investments.
Additional capital contributions and refunds in Slovenia
What company owners should know about additional capital contributions and refunds in Slovenia, including the latest changes to the regulation.
2021 tax law amendments in Hungary
In our latest WTS Klient Newsflash we summarise the most important points of the 2021 tax law amendments in Hungary.
Three years in a row: WTS Klient Hungary rated outstanding according to World Tax 2021 and World TP 2021
WTS Klient Hungary is also in the World Tax 2021 and World TP 2021 rankings in the “Tier 2” category.
A few thoughts on choosing the small business tax
Before you choose the small business tax, it is worth thoroughly assessing every related short-term and long-term benefit and drawback.
Temporary reduction of VAT to 5% in Austria
In the fight against the COVID-19 crisis, the Austrian government has decided on a temporary reduction of VAT to 5% for particularly affected sectors.
