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The de minimis rules of the Hungarian Advertisement Tax Act came into force on 1 July 2017. From that date, HUF 100 million are tax exempt from the net revenue deriving from the taxable activity of the advertising publisher.
The Act XLI. of 2018 has been announced on 25th July 2018 about the amendment of several tax laws and other relating laws, which affects the accounting rules as well. In our present news we demonstrate the significant changes of the Accounting Act (Act of C of 2000) that come into effect from 1st...
It is a more and more popular idea among families with children that the working father claims GYED for the child and the mother stays at home with the baby without receiving any provision.
Draft versions of Act XLI of 2018 on interim tax law amendments and Act LII of 2018 on social tax were approved by the Hungarian Parliament on 20 July, 2018. We hereby summarize the major changes in tax legislation- that shall enter into force mainly from 1st January 2019- and highlight some mid...
Since 1 December 2016, companies shall meet the requirement of publishing and deposit the financial statements using the so called „Online Beszámoló és űrlapkitöltő Rendszer” known as „OBR”, which system also monitors the capital situation of the companies.
On 19th March 2018 a new 7/2018 (III. 19.) Decree of Ministry for National Economy was published which amends the previous (31/2016 (IX. 2.)) Decree about technical requirements, operations and maintenance, and data-providing obligations to the NAV (Hungarian tax authority) of food & beverage...
Beside the online data-reporting obligation of invoicing softwares from 1st July, further changes are expected in the VAT system from 1 January 2019. These changes will have to be applied not only in Hungary: in December the European Council accepted the new rules affecting all member states of...
Enterprises shall comply with their obligation to publish and deposit their financial statements report by sending it electronically to the Company Information Service via the government’s portal until the last day of the fifth month after the last day of the relevant financial year - if the last...