Press release
New tax relief measures: 30 September, new deadline for filing financial statements and annual tax returns
According to the latest tax relief measures in Hungary, deadline of financial statements and tax returns has been postponed until 30 September.
UPDATED! Special payment options during the coronavirus pandemic too!
For businesses in financial difficulty owing to the coronavirus pandemic it may be worth using the special payment options available in Hungary.
Retail tax and special credit institution tax on the way
As part of the Economy Protection Action Plan, Hungary will introduce a special tax on credit institutions and a retail tax on 1 May.
Government subsidy related to employment under shortened working hours during state of emergency
On 10 April 2020 Government Decree on subsidising employment with shortened working hours during the state of emergency was promulgated. in Hungary.
Monthly wage withholding tax obligation extended in Austria
Starting from 1 January 2020, monthly wage withholding tax obligation has been extended in Austria. Here is our five-step guide for affected organizations!
Second phase of economy protection action plan launched in Hungary
On 6 April Hungary launched the 2nd phase of its economy protection action plan reallocating 18-20% of Hungarian GDP. It includes a wage subsidy programme.
Tax and social security revenues of the 2020 Hungarian budget in the shadow of the coronavirus
In our article we take a close look at the tax and contribution revenues of the 2020 Hungarian budget – without considering the latest government measures.
Implementation of quick fixes and other VAT changes in Romania
In February 2020 the quick fixes were implemented in the Romanian Fiscal Code. We describe the details and also review some other VAT changes in Romania.
Another economic rescue package in Hungary triggered by the coronavirus pandemic
On 23 March the Hungarian Gazette published the second economic rescue package to mitigate the impact of the coronavirus pandemic on Hungary.
Are you an expat worker in Hungary? Be aware of the following before filing your returns in Hungary!
An expat worker posted to Hungary is in most cases obliged to file personal income tax returns in Hungary too.
Changes to online data reporting obligation for invoicing
From 1 July version 2.0 of the XSD data structure must be used, then online data reporting obligation for invoicing will be expanded in two stages.
First economic measures from Hungarian government related to coronavirus
The Government Decree 47/2020 (III.18) on the immediate measures necessary to alleviate the effects of the coronavirus pandemic on the Hungarian economy was published on 18 March.
Implementation of BEPS and other TP-related changes in Ukraine
A large portion of the TP-related changes in Ukraine concerns the long-awaited implementation of BEPS Plan actions into the country’s tax law.
Accounting treatment of project accounting from 2020
The amendments to project accounting in Hungary signal convergence with the IFRS and fundamentally change the logic underlying the accounting.
Changes to MDR reporting in Poland
A new law affecting MDR reporting in Poland is expected to take effect on 1 April. According to the draft, cross-border tax schemes will have to be refiled.
