Press release
Loss carry forwards
The Hungarian rules of loss carry forwards changed at the end of 2018: losses from before 2015 may be used until 2030 in the case of a normal financial year.
Vacation vouchers and other benefits for employees in Slovakia
With an amendment to the Tourism Promotion Act, the issuance of vacation vouchers was introduced in Slovakia for employers having at least 50 employees.
Family benefits in 2019 in Hungary
In this article we summarise the most general and characteristic family benefits in Hungary in 2019 along with the relevant amounts.
Registration of real owners of legal entities in Serbia
Newly-established companies in Serbia have to register their real owners with the Central Register of Real Owners within 15 days of incorporation.
New legal concept of voluntary overtime in Hungarian Labour Code
The agreement on voluntary overtime provides an opportunity to increase the annual number of unscheduled working hours.
The latest TP trends in Belarus
In our article we comment on the changes of the Belarusian Tax Code 2019 and the latest TP trends that we consider to be the most important.
The tax implications of Brexit
Withdrawal preparations are important not only for the EU and national authorities, but also for private individuals, who will also experience the tax implications of Brexit.
Changes in Lithuanian interest deduction limitation rules
On 1 January 2019 important changes in Lithuania’s Law on Corporate Income Tax, determining interest expense limitations, came into force. These changes in Lithuanian interest deduction limitation rules are relevant to group companies and companies with related...
World Tax 2019 and World TP 2019 rankings are out
According to World Tax 2019, which ranks more than 1,850 tax consultancy firms in the world, WTS Klient Hungary is in the “Tier 2” category, signifying an excellent rating.
A comparison of business valuation methods
In this series of articles we have taken a thorough look at the basic elements of the most important business valuation methods, the income-based methods, the comparables methods and the asset value methods. We devote the closing part of our series to comparing these...
New requirements to sales management software in sales outlets in Bulgaria
From 28 December 2018, Bulgarian tax legislation introduced new requirements for sales management software, the producers thereof, and merchants who use such software in their business. The new requirements apply to sales management software understood as software or...
New amendments to regulation of innovation contribution from 2019
It is no surprise for Hungarian tax consultants and tax leaders, or possibly even for taxpayers who have been in the industry for years, that the regulations for the innovation contribution were amended again in Hungary in 2019. Professionals are probably only rolling...
Infoletter 2019 has been published
In this publication, we introduce you to the most important legal regulations that employees must observe when carrying out cross-border work in Germany and Hungary. You can download WTS Klient Infoletter 2019 in PDF format from here: WTS Klient Infoletter 2019 (PDF)...
Amendments to the Romanian Fiscal Code valid in 2019
The Romanian Fiscal Code was amended twice last month: firstly by Government Emergency Ordinance no. 114/2018, published in Official Gazette no. 1116 as of 29 December 2018, and secondly by Law no. 30/2019 for the approval of Government Emergency Ordinance no....
Employee training could be tax-exempt in Hungary
Finding and paying an appropriately qualified worker is an ever-increasing challenge for businesses nowadays. Additionally, from 2019 the number of benefits subject to preferential tax rates has fallen significantly, which further increases the costs on businesses....
