News, analytics, publications
News, analytics, publications
2022. 10. 12.

Corporate income tax and local business tax can be paid in foreign currency

Following the Government decree 298/2022 on the payment of corporate income tax in foreign currency published in August, taxpayers will also have the option to pay […]
2022. 09. 01.

Not everything changes under the sun…

Most taxpayers may have not anticipated the 2022 summer tax package, nor the two additional measures that have also resulted in changes. However, the most recent […]
2022. 07. 26.

The Hungary-U.S. double tax treaty will be terminated from 2024

The United States gave Notice of Termination to Hungary in relation to the U.S-Hungary double tax treaty. On 8 July 2022, The Government of the United […]
2022. 05. 02.

Will it constitute a fixed establishment for VAT purposes if the sufficient human and technical resources are provided by an affiliate in another Member State?

The judgement of the European Court of Justice (ECJ) in case C-333/20. Berlin Chemie A. Menarini is a new milestone in the interpretation of the concept […]
2022. 03. 10.

The proposed Directive of the European Union aiming at the restriction of the so-called „letterbox companies”

On 22 December 2021, the European Commission published a proposed Directive targeting aggressive tax planning techniques linked to the use of shell companies. On this basis, […]
2022. 03. 10.

Introducing global minimum taxation rules („GloBE”) in order to tackle tax evasion

The two-pillar initiative of the OECD and G20 countries was originally drafted about two years ago with the aim to combat harmful tax practices and create […]
2021. 12. 21.

Changes in the tax regulation – a new bill features further decrease of payroll taxes

A new bill (Act CXXXI of 2021), published on 17 December 2021, aims to mitigate the payroll tax burdens raised in connection with the hike of […]
2021. 11. 12.

Approaching deadlines for VAT reclaims of bad debts

In the Hungary-related case of FGSZ Földgázszállító Zrt., the European Court of Justice (ECJ) held that the limitation period for VAT-reclaims on bad debts should be […]
2021. 10. 21.

VAT implications of a share deal

Enterprises struggling with the economic effects of the COVID-19 pandemic might face financial difficulties driving them to carry out share deal transactions. By the wording of […]
2021. 10. 18.

New ECJ judgement on the reduction of the VATable amount related to cash reimbursements

On 6 October 2021, the European Court of Justice (ECJ) disclosed a Hungary-related judgement in case C-717/19. Boehringer Ingelheim RCV GmbH & Co. KG Hungarian Branch. […]
2021. 07. 07.

Tax measures to support economic relaunch

In our current newsletter, we describe the measures announced in June in order to further mitigate the consequences of the COVID epidemic. Tax administration rules In […]
2021. 06. 22.

Summer tax package

The recently announced summer legislative package covers several taxes, which has been implemented partly in a clarifying and partly in a supplementary/amending manner. Some changes entered […]