Press release
Another interesting case at the Court of Justice of the European Union – judgement on leasing VAT
Another significant judgement was published on 4 October 2017 by the European Court of Justice (C-164/16), which addresses leasing from a value added tax perspective, and also changes current practice to a certain extent. Current practice: leasing from the angle of...
Type and audit of annual financial statements
As the end of the year approaches it is becoming more important to clarify issues regarding the preparation of financial statements. Those who have yet to do so need to examine the rules regarding the type of financial statements and for auditing. These issues are...
Changes to the Act on the Environmental Product Fee effective from 1 January 2018
On 17 October, MPs approved the amendment to the Act on the Environmental Product Fee effective from next year, affecting a lot of product-fee taxpayers.
Tax Strategy Day 2018
The end of the year is drawing closer, a time usually packed with presentations on the tax laws coming next year. Keeping track of tax changes is an arduous task in itself. But now we are organising a conference on what is strategically a much more...
Business gate registration with authorisation – in practice
Business gate registration is now possible by way of authorisation, if the representative is a person not included in the registry of Hungarian persons.
Quick assessment of investments – calculating profitability
In two of our previous articles we analysed how we can calculate costs and expected profits to gain a clearer picture for our investment decisions. Both of these factors can be classed in the static investment calculation category. In this category we now explore...
New transfer pricing decree: administration to change
In a previous article on transfer pricing documentation we looked at the most important changes affecting transfer pricing records over the years. We also intimated in the article that the documentation will have to contain even more information in the...
Breaching rules on working hours and rest time
According to the report of the Ministry of National Economy’s Labour Supervision Department on the first half year inspection findings of the labour authority for 2017, the number of infringements regarding violations of working-hour and rest-time rules is declining,...
NAV: the good tax authority!? Experience from the 2nd national tax consultation
Without having to read the article in full, we would like to respond to the question in the title. Yes, the tax authority can be good, and there are many areas where this statement proves to be true. After the 2nd national tax consultation, we can support...
Posting rules from the perspective of social security
The social security systems of EU Member States vary significantly, and experience shows that the Member States do not even strive to harmonise them. In practice they are only coordinated, so that foreign employees do not find themselves...
Significant or not significant error? That is the question…
In the event of an error, the first thing to decide is whether it is a significant error, because this determines the subsequent accounting treatment.
Lubricating oil and excise tax: whats this about?
When it comes to excise tax, most of us think of the so-called “ABC” products, namely alcohol (wine, beer), petrol (“benzin” in Hungarian, meaning petroleum products used as fuel), and cigarettes (tobacco and cigars). Fewer think of a restrictive measure in the case...
Social security aspects of the employment of foreign workers – VIDEO
Based on EU coordination regulations or bilateral social conventions, posted employees can receive social insurance either in the source country or in the host country. In the video, Marianna Fodor, payroll director at WTS Klient Hungary, talks about the...
The be all and end all of taxation policy: predictability
Hungary is a very popular destination in Europe for investments. Its geographical location in the middle of Central Europe is a valuable asset for the country. This benefit combined with advanced infrastructure creates optimal conditions for new investments. Proximity...
Labour law framework for an intercompany posting
In the transnational economic area, it is increasingly common for foreign parent companies to send their employees, particularly expert professionals, middle-level and senior executives, to work at their Hungarian subsidiaries. Their tasks primarily...
