Press release
Property transfers between siblings: duty-free from 8 July!
The Act according to which inheritance and gift duties are no longer payable on property transfers between siblings shall enter into force in Hungary on 8 July.
Fiscal amnesty for interest and penalties in Romania
New fiscal measures were introduced in Romania on 14 May. We have summarised the fiscal amnesty conditions for interest and penalties related to taxes.
DAC6 data reporting deadlines may be extended by six months
DAC6 data reporting deadlines are expected to change in Hungary from 31 August 2020 to 28 February 2021, and from 31 July 2020 to 31 January 2021.
Document archiving and scrapping
We have gathered together what is essential to know about document archiving, scrapping and digital archiving in Hungary as far as legislation goes.
Latest amendments to Latvian tax laws
In the last few months Latvia has introduced important changes to Latvian tax laws. One is the implementation of the DAC6 Directive, while another affects the CIT Law.
Merger clearance in Belarus
In our latest article from the Central and Eastern European Region, we highlight the main characteristics related to a merger clearance in Belarus.
Invoice data reporting still to be expanded from 1 July – no deferment!
As originally planned, online invoice data reporting to be expanded in Hungary from 1 July. It is important to be well prepared for this day.
WTS Klient awarded title of Reliable Employer again
Following 2018-2019, WTS Klient has now received the Reliable Employer 2020-2021 title from the German-Hungarian Chamber of Industry and Commerce too.
New reporting obligation for foreign investors
The government decree on measures of economic protection for business entities with a registered office in Hungary was published on 25 May.
Supply of goods and services free of charge during coronavirus pandemic
The taxation consequences of the supply of goods and services free of charge during the pandemic is worth examining separately for each benefit and tax type.
Tax-related things to do in May, bearing coronavirus measures in mind
What business decisions Hungarian companies will have to make, with regard to corporate tax advances, and the changing rules of development reserves.
Profit spent on investment could result in total corporate tax exemption
According to the bill submitted last week, companies planning investments might be able to claim even total corporate tax exemption for reinvested profit.
Special retail tax: even after the state of emergency
The adoption of the new bill from the Ministry of Finance will mean that the special retail tax becomes a permanent fixture of the Hungarian tax regime.
WTS Klient Hungary one of the best at the European Tax Awards 2020
WTS Klient Hungary is in the finals for both Hungary Tax Firm of the Year and Hungary Transfer Pricing Firm of the Year at the European Tax Awards 2020.
Competitiveness subsidy for investments
Medium-sized and large companies in difficulty could receive in Hungary up to EUR 800,000 in a non-repayable competitiveness subsidy for their investments.
