Press release
Tax-free payment of nursery and crèche costs by employers
Many parents going back to work wonder how much their earned income will be relative to the costs of their child’s day care. From the other angle, having an employee with appropriate skills, experience and competence return to work as soon as possible can even be worth the added burden in terms of the long-term success of a company. The expansion of the scope of tax-exempt benefits available provides a more cost-effective solution for employers, an expansion that WTS Hungary partly considers to be its own success since we voiced our views on the issue at every possible decision-making forum.
Event – Secondment to Hungary: Labor-law and Tax Treatment of Expatriates
Caused by the increase of investments abroad and the reorganization of existing businesses, more and more expatriates are sent to Hungary. At the event of the Deutsch-Ungarische Industrie- und Handelskammer on the 9th of February 2017 the experts of WTS Hungary would like to give you an overview of the most important labor-law and tax regulations that are valuable for your company regarding the secondment of expatriates.
Newsletter I/2017 – NAV notice letter on product tax
In recent months, numerous companies have received notices in their mail boxes from the NAV regarding product tax. Following the initial shock that a NAV letter generally triggers in any of us, several questions are bound to arise as we carefully read the letter. We answer some of the basic ones in our newsletter.
Newsflash – Significant tax benefits – tax allocation
As we move closer to the end of the year, many of us are no doubt feverishly preparing for Christmas, but we shouldn’t forget about 20 December, which is an important deadline for taxation. Certain taxpayers who prepare their annual tax return for financial years that match the calendar year have to top up their corporate tax and local business tax advances, both declaring and paying the required amounts. In this context we would like to point out that companies can gain significant tax benefits by supporting particular organisations when topping up their corporate tax advances.
Newsflash – The spirit of Christmas pervades even legislation: major tax relief from 2017
As we recently indicated, the season of tax law amendments is still not over. We highlight the most important provisions of the amendment law adopted on 12 December.
WTS Klient Hungary wins the Colibri Internship Award
Within the different consulting firms, the WTS Klient wins the best position in this year´s Hungarian Colibri Internship Award. The competition, in which the different employees compete for the title of the most attractive workplace, was held this year for the second time.
Tax Bridge III/2016 has now been published – Focus on tax changes in 2017
More than 400 pages, nearly 600 paragraphs. These numbers illustrate the tax amendment packages presented in the spring and autumn. We need to present the two amendment packages at the expense of our normal columns since the whole publication revolves around our “We’ve checked it out” column, which means it covers the most important changes, mainly for companies, from 2017 onwards. Our updates and news in the previous few weeks regarding the details of the tax changes can all be found summarised now in this latest issue of Tax Bridge
Newsflash – Tax changes 2017 – Additional tax types
On 22 November 2016 the Hungarian Parliament approved the autumn tax package we dealt with in our previous newsletter. After the Act on the Rules of Taxation, the corporate tax and the personal income tax now we highlight the main changes to additional tax types.
Newsflash – Tax changes 2017 – Personal income tax
On 22 November 2016 the Hungarian Parliament approved the autumn tax package we dealt with in our previous newsletter. After the Act on the Rules of Taxation and the corporate tax now we highlight the main changes to the personal income tax.
Newsflash – Tax changes 2017 – Corporate tax
On 22 November 2016 the Hungarian Parliament approved the autumn tax package we dealt with in our previous newsletter. After the Act on the Rules of Taxation, now we highlight the main changes to the corporate tax.
Newsflash – Tax changes 2017 – Act on the Rules of Taxation
On 22 November 2016 the Hungarian Parliament approved the autumn tax package we dealt with in our previous newsletter. The tax changes for 2017 are probably still ongoing, the public dues paid by employers are planned to be reduced by 5% next year and a single, flat-rate 9% corporate tax will also be introduced. Until these important amendments are included in the law, we would like to try to give you a brief outline of the tax changes already approved for next year that could be of interest for most companies. First we introduce the accepted changes in the Act on the Rules of Taxation.
Press release – WTS Hungary responds to the upcoming taxation trends by occupying a new job position
The WTS Klient Group, which also functions as the centre for WTS Global in Central and Eastern Europe, introduced in October the new position of the Regional Business Development Director. The company occupied this position with Tamás Dely.
Press release 21.11.2016 – WTS Klient Group responds to the upcoming taxation trends by occupying a new job position
The WTS Klient Group, which also functions as the centre for WTS Global in Central and Eastern Europe, introduced in October the new position of the Regional Business Development Director. The company occupied this position with Tamás Dely. Download: -> Press...
Newsflash – Reporting deadline of 21 November 2016
Dear Clients,
We would like to pay your attention to the reporting deadline of 21 November 2016. If a foreign-resident member alienated or withdrew its shares in a Hungarian company with real estate holding during the year of 2015, the foreign-resident member has to report its tax liability on the official form No. 1548 by this deadline.
Should you need detailed information on the above, please feel free to contact us.
Newsletter VII/2016 – Clarity on autumn tax law amendment proposals for company managers
According to the tax law amendment proposals submitted to Parliament on 28 October elements of the reliable taxpayer scheme are expected to be amended. The most interesting part of the amendments is the support procedure applicable by the NAV, and the system of tax allowances for start-up companies.
