Supervisory fee of food distributors
From 8 January 2012 a new tax related liability has been introduced in the Hungarian regulations. This new liability has been introduced in Paragraph 47/B of the Act XLVI. on 2008 (the name is “supervisory fee”). The details of this fee will be introduced in a Ministry Decree, which has not been introduced yet.
1. Subject of the fee
The basis of the supervisory fee is the net sales revenue of the company. The rate of the supervisory fee is 0,1% of the net sales revenue of the previous year. Entities, which should be qualified as “micro” entity should pay a fixed annual fee of THUF 20, small entities has the possibility to pay an annual fee of THUF 700 or to pay the fee on the basis of the net sales revenue
2. Companies, liable to pay the fee
Based on the regulations generally the aforementioned fee should be paid by entities which performs food/animal distribution activity, seed distribution activity, operating a laboratory, distributing animal medicines.
3. Administrative requirements
The fee should be reported on annual basis until 31 May in the following year. Furthermore advance payment should be made until 31 January and 31 July.
4. Questions
There are several questions in respect of this regulations, which is not included in the existing rules. These are as follows:
-when the first payment, tax return should be made (it is 31 May 2012, or only the following year)?
-how the payment and the tax returns should be made by companies which tax year is different as the calendar year
-when the Ministry Decree will be issued?
If we receive further information regarding this matter we will keep you informed.
Obligatory chamber registration
Until 1 March 2012 every Hungarian resident entity should register at the Chamber of Commerce. Furthermore until 31 March 2012 the first annual chamber fee of HUF 5,000 should be made for 2012. If the companies do not fulfill this liability the Tax Authority may levy a penalty.
If you have any questions, please contact our tax expert, Zoltán Kádár on zoltan.kadar@accace.com
Accace Interbook team
