Author HU - Kertész Gábor

DAC 6: Reporting obligation for aggressive tax structures has entered into force in Hungary | News Flash

22 Jan 2021

As another element of the co-operation in the field of taxation within the European Union, DAC6 Directive (the so-called reporting obligation of aggressive tax structures) entered into force on 25th June 2018. Directive was implemented by the Hungarian legislation in June 2019. The Directive shall be applied to cross-border arrangements, which means that domestic arrangements

Summary of the Labour and Tax law restrictive measures in Hungary – November | News Flash

16 Nov 2020

Employment law 1. The shops, with the exception of pharmacies and petrol stations, can stay open until 7 pm and then open when the curfew expires, meaning at 5 am at the earliest. Service providers and services not covered by the decree (such as hairdressers, masseurs, personal trainers) may operate normally in accordance with the

Retail tax comes into force in Hungary on May 1, 2020 | News Flash

17 Apr 2020

A retail tax will be introduced as of May 1,2020, as one of the sources funding the current epidemic. The exact rules of the retail tax are set out in the Government Decree of 109/2020 (IV. 14) (hereinafter Decree). The retail tax will affect a number of non-resident and resident taxpayers engaged in activities in

COVID-19: Pandemic impacts on transfer pricing in Hungary | News Flash

16 Apr 2020

The emergence of COVID-19 pandemic crisis raises a number of new challenges for companies, as more and more sectors suffer from the economic effects of the virus. The pandemic clearly affects the supply chains of multinational enterprises (MNEs) and their intercompany transactions, consequently, transfer prices. Not only supply chain disruptions or challenges of cross-border mobility

Action plan for the protection of the economy and wage subsidies in Hungary | News Flash

14 Apr 2020

In the framework of the control due to the coronavirus pandemic, the Hungarian government, which is taking advantage of the given extraordinary legislative opportunity, has established several detailed regulations that combined the aim to contribute in ensuring the competitiveness of the Hungarian economy and to preserve jobs. Please find detailed information below; Contrary to the

Restrictions on movement in Hungary: forms for employees who leave their residences for work | News Flash

30 Mar 2020

On March 27 2020, the Hungarian government issued further regulations and tightened the conditions for who can leave their place of living. The main purpose of these conditions, which are in force since 28nd March, is to allow citizen to leave their homes only in cases when it is absolutely necessary. Many of the activities

COVID-19: Further economic facilitations in Hungary | News Flash

26 Mar 2020

The decrees, published Monday night in the Hungarian Gazette, provide the following facilitation for companies, private debtors, children educators and credit card users in Hungary. Government Decree no. 57/2020. (III. 23.) During the time of the emergency, the following provisions of Act LIII of 1994 on judicial enforcement shall apply with the following differences effect

Adopted legislative measures to decrease the impact of COVID-19 on the economy of Hungary | News Flash

19 Mar 2020

The Hungarian Government has adopted a new decree no. 47/2020. (III. 18.) Korm. r. (hereinafter the “Decree”) in order to alleviate the effects of coronavirus pandemics on the economy. The Decree sets forth the following relaxing measures in favour of the companies operating in Hungary and private debtors. I. Corporate credits and credits to consumers

TAX updates in Hungary as of July 1, 2019 | News Flash

10 Jul 2019

In Hungary, the bill T/6351 („Summer Tax Package”) – including many modifications – is still under negotiation, but since July 1, 2019, changes have already taken place as a result of previous regulations.

VAT Exchange rate differences in Hungary | News Flash

14 Feb 2019

Download PDF The VAT exchange rate may be different in the matter of taxation and accounting. The reason is that it is not necessary to synchronize the applied exchange rates, but the legal requirements must be followed; the exchange rate of the Tax Law must be used in taxation, while the exchange rate of the

List of Double Taxation Treaties applicable for Hungary

12 Mar 2018

Until now, Hungary has concluded over 80 double taxation conventions (so called: double tax treaties) that mainly follow the OECD model treaty’s terminology and structure. Since due to different national legislations, certain type of incomes may not be taxed in either of the countries, the treaties are also used against double non-taxation. The latest Hungarian

Mandatory Firm Portal (Cégkapu) Registration in Hungary, 2017 | News Flash

26 Sep 2017

Download PDF In the beginning of the next year the so-called Firm Portal (Cégkapu) service starts operating, which is as the “brother” of the well-known Citizen Portal (Ügyfélkapu) fills an akin role, just for companies. The new system was brought to life to provide direct connection between business organizations and the government. We would

Rules of company cars in Hungary 2017 | News Flash

13 Mar 2017

Each year, more and more people are interested in the rules and regulations affecting company cars and whereas last year’s tax packages affected this field and from January 1st they also came into force, we felt that we should present a comprehensive synopsis about this topic. In our current article, besides the current changes, we

Gifting to private individuals in Hungary? You must calculate with these tax burdens!

13 Feb 2017

Download PDF! It often happens that private individuals receive gifts during representational events, or receive other benefits that are not necessarily related to specific events, occasions (and neither have to be related with purchasing). Benefits granted to private individuals have a very wide range, therefore in our current brief summary we are going

Rules of dividend payment at limited liability companies in Hungary

7 Nov 2016

Download PDF! According to the Act on Personal Income Tax, the total dividend amount paid by limited liability companies to individuals should be considered as the income of individuals, thus public burden payment obligations arise in form of personal income tax and in general case healthcare contribution related to the paid amount. The