News, analyses, publications
In our previous posts we informed you about the amendments of the tax regulation due to the end of the state of emergency. In our current one we would like to draw your attention to the further summer tax law amendments. In the first part we concentrate about [...]
As of 1st January 2020 the system of financial- and family allowances has amended favourably for parents adopting elder children. The health insurance-related financial allowances are extended with a so called „adoptive fee”, which provides a better position for parents adopting elder children, since formerly the parents adopting [...]
The new Law on Social Security (Act CXXII of 2019), which has come effect on the 1st of July 2020, standardises the system of contribution payment, modifies the relevant class of both individuals concerned with health insurance and persons engaged in auxiliary activities, and introduces a minimum amount [...]
In this information letter we would like to draw your kind attention to the abolition of the local business tax supplement liability. The draft act submitted by the Minister of Finance (No T/10856) was adopted by the Parliament, in which the relevant provisions of the Act on Local [...]
During the state of emergency there were numerous taxation related measures in the form of government decrees to alleviate the economic damage caused by coronavirus epidemic. We informed you about these measures through newsletters week by week. In this newsletter we would like to draw your attention for [...]
The government decrees published on 21 April 2020 contain numerous other tax relief measures (beyond the rules of employment in reduced working hours) to alleviate the economic effect of coronavirus. Additionally, a new government decree was published on 30 April 2020 which aims at relieving the cap in [...]
This newsletter is to inform you about the economic relief package published last week by the government and aimed at alleviating the economic damage caused by coronavirus epidemic. In this newsletter we are focusing on the measures relating to the taxpayers subject to Small Taxpayers Itemized Lumpsum Tax [...]
This newsletter is to inform you about the economic relief package published last week by the government and aimed at alleviating the economic damage caused by coronavirus epidemic. Based on the package taxpayers engaged in Taxi operation (NACE 49.32)Accommodation services (NACE 55)Food and beverage service activities (NACE 56)Creative, [...]
The appearance of the coronavirus creates unexpected financial difficulties for taxpayers. We will highlight the government measures which were introduced on 18 March 2020 in a separate newsletter later when the government decrees containing the detailed rules are published. The purpose of this newsletter however is to draw [...]
The base case of the work schedule is the standard work pattern according to which the employer shall schedule the working time of employees from Monday to Friday in equal daily working time which means that the weekly two rest days shall fall on Saturday and Sunday on [...]
In this information letter we would like to draw your kind attention to the importance of handling equity situation. Since the introduction of the Online Reporting System (called in Hungarian Online Beszámoló Rendszer) in 2016, the Court of Registry is almost immediately able to control the capital situation [...]
According to the Act CXXVII of 2007 on Value Added Tax in force since 1st July 2018 the taxpayer is obliged to report data on invoices which were issued with VAT exceeding HUF 100.000. What has this meant in practice so far? In case of invoicing by using [...]