As of 1 January 2026, a significant change will take effect in the Hungarian social security system: the paper-based social security booklet (TB kiskönyv) will be discontinued and replaced by a new electronic system, the so-called e-Social Security Booklet (e-TB kiskönyv). The objective of this change is to reduce administrative burden and ensure faster and [...]

Numerous articles have heralded and described the new transfer pricing regulation that will come into force in 2026. It is not our intention to join this chorus, but rather to emphasize the importance of documenting all related-party transactions for the 2025 tax year and complying with data reporting [...]

At the beginning of the year, we would like to provide you with a comprehensive and detailed overview of the HR and payroll obligations affecting 2026, with particular focus on working schedules as well as declaration requirements related to tax allowances. The detailed list of public holidays, rest [...]

In the 19 November 2025 issue of the Hungarian Gazette, a comprehensive omnibus act (Act LXXXIII of 2025) was published containing part of the year-end tax package. Two days later, an additional set of tax amendments was released in the form of a second omnibus act (Act LXXXIV [...]

The act on the 2025 summer tax amendments (Act LIV of 2025) was promulgated in the 19 June 2025 issue of the Hungarian Official Gazette. In addition to making several fine-tuning amendments to existing tax mechanisms, the legislature has formally integrated windfall profit taxes and the latest tax [...]

As of January 1, 2024, the double tax treaty between Hungary and the United States (hereinafter: the Treaty) has ceased to be in force. Consequently, both countries now determine tax liabilities solely based on their domestic legislation, which can result in double taxation of the same income, without [...]

The PKF worldwide newsletter features articles from 22 countries and is essential reading for anyone interested in tax and the global business environment. Hungary is also included in this issue, with a focus on important recent tax developments. At the end of the article, you’ll also find expert [...]

The inspection of large taxpayers and activities deemed risky by the tax authority continues to play a key role in this year's audit plan, as outlined in the NAV's audit plan published on March 11, 2025. The significance of automated audits – which examine discrepancies between invoice and [...]

In our newsletter, we have summarized the key changes in the autumn tax package.    PERSONAL INCOME TAX Starting from next year, the family tax allowance for children will be increased in two phases: on July 1, 2025, it will rise to 1.5 times the current amount, and [...]

The Hungarian Tax Authority shared the notification form 'GLOBE' to be filed by the relevant domestic taxpayers. The Hungarian Tax Authority, on its official webpage, has made available the notification forms titled "GLOBE" for financial year started in 2024 to be filed by Hungarian domestic entities which are [...]

The Council reached general approach on the VAT in the Digital Age proposal during the ECOFIN summit held on the 5th of November 2024. Following a re-consultation with the European Parliament, the Council will have to adopt the proposal before entering into force. As mentioned in our earlier [...]

Enterprises with fiscal years following the calendar years may submit their application to the national tax authority between the 1st and the 20th of November if they wish to benefit from the group taxation for corporate income tax purposes from the next fiscal year. This 20-day period is [...]