Domestic taxable entities can reclaim VAT charged in EU Member States and six non-EU countries this year, subject to specific conditions. To facilitate these claims, refund […]
As the deadline for corporate tax returns approaches (along with the requirement for detailed reporting on related-party transactions), and there may be a need to adjust […]
Starting from December 31, 2023, in addition to the corporate tax base relief applicable for direct costs of basic research, applied research, and experimental development carried […]
The National Assembly adopted on November 21 the legislative proposal on the autumn tax package as well as the proposal on the introduction of the Global […]
As discussed in our previous tax newsletter, the United States have sent an official notification to Hungary last summer in which the United States made it […]
The Government Decree 80/2023 (III. 14.) (hereinafter EPR Decree), which sets out the detailed rules for the operation of the extended producer responsibility system, was published […]
Professional consultation has been started on the introduction of paperless receipt, coordinated by the Hungarian Tax Authority. The new system, which is in sight, will replace […]
The European Commission submitted the long-awaited VAT in The Digital Age proposal package on 8 December 2022. Once it is adopted by the Council, it will […]
The Ministry of Finance released the draft amendment to the decree on the registration of arm’s length price determination for social consultation. The draft contains two […]
On 12 December 2022, the EU Member States have reached a unanimous agreement to implement the Directive on the global minimum taxation and advised the European […]