Press release
NAV customer service – Where can I find accurate information on taxation?
When it comes to taxation, the question of where one can find reliable advice and information often arises, as not everybody is a tax expert. Luckily, in most cases, this is not even necessary. People search the web with varying degrees of success, but...
Local business tax, the “little brother” of corporate tax
In the summer months, many businesses start their next annual planning. The finance and controlling departments can start to calculate profits in light of the sales revenue plans of the sales team and the wage cost estimations of the HR department. At this point,...
Quick evaluation of investments – profit comparison
In an earlier article we analysed how to prepare investment decisions quickly and efficiently. We clarified the most important principles and separated the investment calculations into a static and a dynamic group. With the static methods we can examine costs,...
Applying the 183-day rule
An increasing number of Hungarian companies are affected by tax issues related to postings. Almost every large business has already had, or currently has, foreign private individuals working with them for varying lengths of time, and many have posted their employees...
New law on tax procedures
The Ministry for National Economy published the draft of the new law on tax procedures on 31 July, which will take effect on 1 January 2018. The new laws (new Act on Rules of Taxation and the completely new Act on Tax Administration Rules) bring changes to taxation in...
The European Unique Identifier (EUID)
The European Unique Identifier (EUID) enables the identification of companies and their branches in other Member States in the Business Registers Interconnection System (hereinafter referred to as: BRIS). What is the BRIS? Based on Directive 2012/17/EU of the European...
Accounting tasks during the transformation of companies in Hungary
As previously mentioned in our articles entitled Challenges during transformation of companies and The transformation process of companies, managing the transformation process of companies involves a lot of accounting tasks. Apart from the company’s accountant and the...
Business gate registration for companies registered in the company register
Failure to perform the business gate registration and send notification to the E-Administration Register/Court of Registration may result in a regulatory supervision procedure.
Key areas of a financial due diligence – Part 2
In the first part of my article on the important areas of a financial due diligence I analysed four areas which have to be examined and analysed in detail to conduct a financial due diligence. What is common to the additional areas discussed below is that while a...
Change in rules on registered office services
The changes of the Act on Rules of Taxation that entered into force on 1 January 2017 raised several issues in respect of registered office services. The amendments made during the spring clarify the definition of providers of registered office services, and require...
Publication of annual reports and sanctions in the absence of e-reports
Companies are required to publish and file their simplified annual reports and annual reports by the last day of the fifth month following the financial year’s balance sheet date (31 May for companies following the normal financial year) and their consolidated annual...
Legal remedies in tax administration
Even if you handle your tax issues with the utmost care and use the tools provided by law (e.g. self-revision, cooperative procedure) you can still encounter legal disputes in relation to NAV procedures. However, taxpayers are not defenceless against adverse...
Business gate – what you need to know
The business gate was modelled on the government portal, and companies have until 30 August 2017 to register their official contact details for online communication.
TP policy
TP policy plays a key role during planning, when preparing transfer pricing documentation and during negotiations about prices between related companies.
BEPS = ATAD + NAV – LOL? letters against tax fraud
It is difficult to succeed in the international taxation environment without up-to-date knowledge (laws, definitions, abbreviations, e.g. BEPS) and a reliable tax adviser.
