As of 1 January 2025, two of the leading players in the Hungarian accounting and tax advisory market, WTS Klient and VGD Hungary, have merged and continue to operate under the name...

As the saying goes, in the world of multinationals, the only thing that is constant is change. And market changes can be tracked most quickly by a well-structured shared service ce...

Another key player on the Hungarian accounting and tax advisory market, VGD Hungary, will be continuing its operations as part of WTS Klient Business Advisory Ltd. The owners of th...

Countless different purchases and sales of services, products and assets take place in the life of a company. These purchases must all be treated differently in the company’s boo...

[et_pb_section bb_built=”1″][et_pb_row][et_pb_column type=”4_4″][et_pb_text _builder_version=”3.15″] In one of our previous articles we presente...

A few weeks ago we published our latest article on the role of artificial intelligence in tax consultancy, and not long before we covered the constantly improving intelligence of s...

One of the most significant changes in 2024 to the Act on Accounting is the introduction of deferred tax in Hungarian accounting thanks to the global minimum tax harmonisation, mea...

The time comes in the life of every company when tried-and-tested accounting software loved and known by the accountant needs to be replaced by another one to meet the changing nee...

SAF-T represents standard audit file for tax, basically a tax return containing the main transactions incurred by a company. It is an international standard, a harmonised XML schem...

When setting up a business in Hungary, there are a number of issues that need to be clarified and then decided upon. In an earlier article we explored the obligations of start-ups,...

The owners of two leading entities on the Hungarian accounting and tax advisory market, WTS Klient Business Advisory Ltd. and Finacont Ltd., have decided to serve their clients in ...

We previously looked at own investments that represent equity investments, when a company buys back its own shares or stakes in its own business based on a resolution by its main d...

On the evening of 18 October 2022, in a 104-page document, the Hungarian Deputy Prime Minister submitted to the National Assembly the latest proposals regarding the tax amendments ...

The term deferred tax rings familiar to Hungarian experts who are involved in the accounting of Hungarian subsidiaries of foreign groups and preparing their group financial stateme...

Reducing the corporate tax base by allocating a development reserve is a long-established method used by taxpayers in the Hungarian corporate tax system, which has been boosted by ...

Beside optimising taxation and accounting processes, an important condition of efficient operation and profitability at every company is evading and exposing infringements, occupat...

A merger is a very special event in the life of business entities. In this context, one or more companies are taken over by another based on an owner decision. In practice it means...

The 2022 bill, which was submitted by the Hungarian Minister of Finance to the National Assembly on 11 May, summarises the tax amendment plans of the Hungarian government. Bill No....

Significant changes have taken place in the accounting treatment of project accounting in Hungary from 2020. With this change, the Hungarian Act on Accounting has taken another ste...