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In the current constantly changing business environment it has become an elementary interest of employers to be able to keep their business secrets in order to remain competitive. The confidentiality obligation of employees (Section 8(1)) defined in the Labour Code (hereinafter LC) is a tool to...
On 1 January 2018 a new governmental decree (‘Decree’) came into force (465/2017. (XII.28.) on the details of the tax administration procedures. The provisions of the Decree have to be used in new as well as in repeated procedures.
The Constitutional Court of Hungary made its decision 31/2017. in which it refused that article 7/B and 7/D of the Act XXII of 2014 on Advertisement Tax’s (referred to as ‘Advertisement Tax Rule’) are against an international treaty and the judicial actions in regards this matter on 6th of...
According to the Press Secretariat of Curia, the decision of the Hungarian Curia in the case of Kfv.I.35.760/2016/6. can be the base in procedures against the National Tax and Customs Administration of Hungary (referred to as ‘NAV’). Based on the facts of the above mentioned case, tax difference...
According to prescriptions of the new Act on Rules of Taxation (Act CL of 2017) entities registered at the Court of Registry have to report their foreign bank accounts towards NAV (Hungarian tax authority). The report should contain name of the bank, the bank account number and the date of...
Based on the Hungarian VAT act applicable from the 1st of January 2016 (Act CXXVII of 2007 - on Value Added Tax 153/A.§ (1) a)) the amount of the payable VAT amount in a given tax period can be reduced by the taxable person with the deductible VAT amount created in the previous tax periods...
In 2018, only positive changes will be occurred regarding to fringe benefits. The tax-free allowances which exist now will be expanded with student loan support. The conditions of housing support of mobility will be more favorable significantly, and because of the 2.5 reduction of healthcare...