A 15% Minimum Tax Rate on Multinational Profits As of January, Hungary has implemented a new legal regulation on the global minimum tax, establishing this tax type within the country.... read more →
The tax allowance system will become simpler from 2021. The adopted legislative proposal modifies the rules pertaining to personal allowance while keeping the conditions giving rise to the entitlement unchanged.... read more →
From 1 July 2020, a new reporting obligation on cross-border arrangements will come into force, mandatory exchange of information on cross – border arrangements. VAT, excise tax and contributions are not covered... read more →
From 1 July 2020, the data reporting liability (already being in effect from July 2018) at invoice level covers all invoices issued on domestic transactions to VAT taxpayers registered in... read more →
From 1 January 2019, non-wage benefit with reduced taxation can mainly be provided in the three “pockets” of SZÉP card. (Regulations regarding trade union recreation services and in-kind benefits provided... read more →
In the field of personal income tax and social security contributions the rules accepted in November 2018 mostly stand on the basis of the changes accepted earlier in 2018 and... read more →
Hungary offers a wide range of tax incentives to support foreign direct investments and reinvestments by local enterprises. Investors should note that: The tax liability of resident taxpayers shall apply... read more →
In recent years the business services sector (BPO operations and BSC) has become a flagship industry in Central and Eastern Europe with its 10-12% annual growth rate. This growth is... read more →