We’re in the middle of summer, when even those who have been working hard and are just starting to browse the offers of accommodation providers on the various online platforms ar...

Summarising the 2024 tax amendments is not an easy task, since the detailed rules for many different taxes have changed based on the tax amendment proposals adopted in 2023, and in...

As already mentioned in our summary of the autumn tax law amendments, a government decree entered into force in Hungary on 16 November (enacted in law on 30 November) exempting cer...

The taxation of capital income from the USA was not left unscathed by the US Treasury Department’s announcement on 8 July 2022 terminating its 1979 double tax treaty with Hungary...

On 31 October 2023, the Hungarian government submitted to Parliament its 2023 autumn tax law amendments bill, which contains the planned tax amendments that will come into force fr...

The summer season will soon be over, but it’s still not too late to have a think about the tax issues that arise with accommodation services in Hungary.  This is because given t...

On 11 May 2023 the country’s government has presented the Czech recovery package. The consolidation package of 58 measures should lead to a reduction in the public budget deficit...

On 6 June the Government submitted to the Hungarian National Assembly its bill on contributions from airlines and amending certain tax laws. The 2023 spring tax amendments do not c...

Overnight on 31 May, a government decree was published in the Hungarian Gazette imposing a 13% social contribution tax on income from private savings, on top of the current 15% per...

On 1 December 2022 the Polish Sejm, the lower house of the Polish Parliament adopted a draft law amending the Labour Code in Poland. The amendment has changed the status of remote ...

Interested in investing in the Serbian IT industry? In our article we will describe the main phases of the acquisition of a Serbian IT company, and explain, why is it worth investi...

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 ...

Not long after the introduction of the extra-profit tax and the increase of other existing taxes detailed in Government Decree No. 197/2022, new significant tax amendments were sub...

From 1 January 2022, a new tax-free benefit was added to Annex 1 of the Hungarian Act on Personal Income Tax, namely, tax-free bicycle use. Accordingly, private use of bicycles pro...

A few weeks ago, we reported on some recent tax changes in Bulgaria, such as the extension of the reduced VAT rate on certain supplies until the end of 2022. Since then, several ot...

On 23 November, the Hungarian government submitted to the National Assembly its new tax law amendments for 2022, mostly tax cuts, in two highly significant bills. The key elements ...

Reduced personal income tax rates, decrease in the corporate income tax rate for certain entities, introduction of One Stop Shop regime and the digital nomad residence permit – t...

Dividends in Belarus constitute income which is generally taxed with 13% personal income tax. However, the tax payment procedure differs for dividends sourced in Belarus and from a...

When preparing annual personal income tax returns in Hungary, every year both taxpayers and tax consultants face the problem that it is very difficult to classify certain types of ...

Personal income tax base allowances are to be extended with a new element next year. The allowance for young people under 25 can be claimed from January 2022 up to the average nati...

We updated our article on 29 April 2021. It has been nearly two years since our analysis summarised the tax consequences of Brexit, which at the time was planned to take place on 2...

With the submission of bill no. T/13258, the 2021 tax law amendments were presented to the Hungarian Parliament on 13 October. Some of the changes ensure compliance with EU regulat...

On 3 December 2019 the Hungarian National Assembly approved the autumn tax law amendments entitled “Bill for the amendment of certain laws designed to implement various tax measu...