Services
Service areas
Comprehensive accounting and tax services in Hungary for international companies
Why entrust us with your accounting?
Accurate and up-to-date bookkeeping is not only a legal obligation but one of the most important pillars of your business operations. We understand the challenges posed by ever-changing tax regulations, tight deadlines and complex administration.
Our expert accountants monitor regulatory changes, proactively flag potential risks, and provide strategic support for your financial decisions. This allows you to focus on growing your business while having peace of mind that your finances are secure, transparent, and compliant.
International accounting expertise, local presence
Based in Budapest, our accounting firm combines deep knowledge of Hungarian tax law with IFRS expertise and international experience. With the support of our partner offices across borders, we provide seamless cross-border accounting solutions and English-language support for subsidiaries, branches, and foreign-owned companies.
Transparent pricing, customized offers
Our accounting fees depend on your company size, the volume of transactions and the range of services required. We believe in clear, predictable pricing with no hidden costs. As a new client, you will always know exactly what to expect.
Accounting and tax service packages
We have designed flexible accounting services and tax compliance packages tailored to businesses of different sizes and industries. Whether you run a mid-sized enterprise, a large corporation or an international subsidiary, you can choose the level of support that best fits your operations.
Basic Compulsory Compliance Services – Monthly package
Monthly Accounting and Tax Compliance
General ledger accounting
- Bookkeeping services in accordance with the Hungarian Accounting Act, including the general ledger and sub-ledgers for customers and suppliers
- Reconciliation of the incoming invoices using the online reporting system of the Hungarian Tax Authority (NAV)
- Bookkeeping support directly in the client’s ERP system
Chartered accountant service
- Companies are required to appoint a registered certified chartered accountant, responsible for accounting and preparation of the financial statement
Basic VAT services
- VAT record keeping, preparation of VAT returns and filing
- Filing deadline: 20th day of the following month
- Returns can only be filed electronically
Chain transactions and triangular transactions are not included, as these need to be consulted case-by-case with VAT specialist tax advisor.
Daily monitoring of Government Gateway (Cégkapu, ’GG’) portal
- Cégkapu, the government gateway, is the mandatory electronic communication channel for all companies registered in Hungary. Failure to monitor the ‘GG’ inbox could lead to serious consequences as official documents delivered to the portal often set out required actions, deadlines and the consequences of non-compliance. All communication via Cégkapu is in Hungarian.
- PKF downloads the incoming documents daily and forwards them to the client by e-mail with a short summary in English.
Basic Compulsory Services – Year-End package
Year-End Financial Statements and Tax Returns
Annual report
- Preparation of the Hungarian statutory Annual Report (balance sheet, income statement and supplementary notes) by a registered chartered accountant
Electronic filing
- E-filing of financial statement („OBR”) with attachment (balance sheet, P&L, notes, cash flow statement, auditor’s report if applicable, and the shareholders’ resolution)
Audit support
- The auditor will request analytics, documents and other information. Our financial statement preparation service includes up to 5 hours of audit service
IFRS accounting and reporting
- Preparation of IFRS-compliant financial statements and notes, including reconciliations from Hungarian GAAP, group reporting packages, and support for IFRS disclosures
Corporate Income Tax (CIT) return
- Calculation of corporate income tax (CIT) based on the final Hungarian GAAP accounting figures and other information received from the client
- Preparation of the tax return
- Filing the tax return with NAV once the client has approved the content of the tax return. Returns must be filed electronically by the last day of the fifth month after the end of the tax year
- Upon request we insert the data into the TP addendum of the CIT return. The data should be provided by the client, or its service provider
Local Business Tax (LBT) return
- Calculation of local business tax based on the final Hungarian GAAP accounting figures and other information received from the client
- Preparation of the tax return
- Filing the tax return electronically with the local municipality or NAV once the client has approved its content, by the last day of the fifth month after the end of the tax year.
Add-Ons and Ad-Hoc Services
Accounting and Tax Compliance
Additional and optional tasks:
- Fixed asset sub-ledger for complex assets
- Recording inventory movements and reconciliation of purchases with G/L
- Production cost calculation
- Travel expense claims administration
- Sub-ledgers for loans, prepayments, accruals, etc.
- Miscellaneous calculations and G/L entries (accruals, interest, revaluations, etc.)
Accounting Policy
- Must be prepared within 90 days of incorporation and updated regularly, including the inventory policy, cash management policy and valuation policy
Preparation and filing of any other tax returns, as and when applicable, e.g.:
- Company car tax
- Tourism tax
- Innovation contribution
Transfer Pricing obligation assessment
- We collect the relevant data and carry out an assessment whether the company is obliged to prepare the transfer pricing documentation
Reporting to the Central Bank of Hungary (MNB)
- Mandatory reporting based on the business activity profile and transaction volume. Filing obligation can be monthly, quarterly or annual
Reporting to the Hungarian Central Statistical Office (KSH)
- Mandatory reporting based on the business activity profile and transaction volume. Filing obligation can be monthly, quarterly or annual
Reporting to the Hungarian Tax Authority (NAV)
- Notification of foreign bank accounts, related parties, the registered office service provider, the place where documents are kept, invoicing software, shareholdings, etc.
Optional Services
Financial and Administrative Services
Reporting
- Setting up and maintaining the chart of accounts in line with the client’s reporting requirements
- Monthly closing procedure, including accruals, revaluations, cut-off checking, inventory movements, etc.
- PKF will prepare a standard financial report including balance sheet and income statement, or specific group report in the agreed format
- The monthly report will be prepared by the client’s reporting deadline
Issuing sales invoices
- The invoicing software must have a live, direct data connection to the NAV server to report sales invoice data real time in a pre-defined XML format. The legislation requires an immediate and automated data upload from taxpayers who issue their invoices from an invoicing software. The uploaded invoice data XML file should follow the current XSD schema structure published by NAV.
- PKF will issue the sales invoices on behalf of the client using an invoicing software that is fully compliant with the local regulations
Banking assistance
- Preparation of bank transfers for supplier invoices, salaries, taxes, etc.
- With limited access, the PKF team prepares the transfers in the client’s online banking system.
- All payments must be approved and executed by the client
Contact our experts!
We are always available and respond promptly to our clients’ inquiries. The continuity of our work team is guaranteed in the case of recurring assignments. In the case of complex assignments, client liaison officers appointed from the management level coordinate the client relations of our accounting and tax specialists.
Frequently asked questions
The Collaboration Process and Client Onboarding
Client onboarding follows a well-structured process: we begin by understanding your company’s operations and needs, conduct the necessary client due diligence, and sign a service agreement. Afterwards, we set up workflows, systems, and authorizations, take over data from your previous accountant if applicable, and officially launch our service.
Our collaboration typically begins within a few weeks, though the exact timeline depends on the size of your business, the speed of data transfer from your previous accountant, and the complexity of your processes. We adapt flexibly to our clients’ needs and deadlines.
Mid-year transitions are absolutely possible. We take over the general ledger, documentation, and opening balances from your previous accountant, ensuring full continuity and compliance with all deadlines.
As soon as all authorizations and opening balances are in place, PKF begins performing the agreed accounting and tax services. For new companies, this typically starts from the date of registration; for existing entities, from the agreed contractual start date.
Absolutely. Your dedicated client relationship manager will guide you through every step, keeping you informed and answering any questions along the way.
Services and Scope
We offer full accounting and tax compliance services, including bookkeeping, preparation and submission of all tax returns, and representation before the authorities. In addition, we provide professional advice on legislative changes and tax optimization opportunities.
Our packages are tailored to your company’s size, number of transactions, and business activity. This ensures that every client receives a service level that best fits their operations.
Yes, we assist our clients with accounting, legal, and tax matters in close cooperation with our legal partners — whether it involves establishing a new company, restructuring, or winding up operations.
Fees and Contracts
Fees are determined based on your company’s turnover, number of transactions, employee count, and the specific characteristics of your industry.
Yes. We are happy to offer customized quotes for larger businesses or clients with unique needs.
There is no mandatory minimum period, though we typically establish annual agreements to ensure a stable and consistent collaboration.
Communication and Workflows
Each client has a dedicated relationship manager who is available by phone, email, and, if preferred, through online meetings.
Documents can be submitted electronically through a secure, user-friendly platform optimized for this process.
Yes. We use modern, secure digital tools for document uploads and data management, making communication and processing faster and more efficient.
Deadlines, Responsibilities, and Guarantees
Typically, VAT returns are submitted monthly, while corporate and local business tax returns are filed annually. Specific deadlines may vary depending on your company’s activity and reporting obligations.
Late submission may delay bookkeeping and tax filings. We always inform our clients about potential risks and work together to find timely solutions.
Additional Services and Advisory
Yes. We represent our clients and offer complete professional support throughout the audit or inspection process.
Yes. We proactively identify and suggest lawful tax optimization strategies to help you operate more efficiently.
Yes. Leveraging the PKF international network and our local experts, we also offer audit, payroll, and tax advisory services.
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