A for-profit company is basically set up with the aim of distributing profits to the owners in proportion to their shareholding in the company, i.e. dividends. Dividends can only b...

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...

As we approach the end of May, businesses are already well underway with preparations for their 2023 annual financial statements and tax returns. However, accountants who include d...

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,...

Hungarian legal regulations allow companies to keep their accounting records abroad in integrated consolidated systems, or to use a specialised global service centre in order to cu...

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 ...

In previous articles of our series we reviewed how to prepare for a voluntary liquidation, what the voluntary liquidation procedure is, what taxation issues can arise, what to look...

Similar to the first and second wave of the pandemic, the Hungarian Ministry of Finance and the National Tax and Customs Administration are trying to help companies affected by the...

The majority of Hungarian businesses need to meet their obligations to prepare and publish financial statements and to file tax returns and pay taxes until 30 September. The latest...