News - Andersen in Hungary

The M&A market in Europe: 2022 and expectations

As the year comes to an end, our M&A experts analyze key insights and factors that influenced the M&A market and that will continue to impact next year’s predictions.

Hungarian film tax rebate budget for 2022 increased to HUF 69 billion

The recent growth of film productions in Hungary exceeded all expectations and caused an increase in supporting needs.

New surtaxes concerning the energy industry and airlines

The rules of the hardly introduced special sectorial surtaxes are being modified and extended, partly with retroactive effect.

Expected modifications to the Labor Code from 1 January 2023

The proposed changes are summarised below.

2023 Tax changes: autumn tax package has been submitted

Although the package does not contain fundamental tax changes, it modifies many provisions of several tax laws.

European Commission’s CBAM on EU imports

Andersen´s VAT & Customs practice in Europe analyzed the impacts of the European Commission’s Carbon Border Adjustment Mechanism (CBAM) on EU imports.

ITR: Andersen is once again the Tax Firm of the Year in Hungary

According to the assessment of the prestigious international tax magazine, the International Tax Review, Andersen was the best performing Hungarian tax advisor again this year.

Facing Global Economic Challenges and Inflation

Impact on Employement Relations in Europe – An event invitation from the Andersen’s Employement group.

United States terminates double tax treaty with Hungary

U.S. Treasury Department is terminating the double taxation treaty concluded with Hungary in 1979.

Transfer pricing and financial transactions

On February 11th, 2020 the OECD released the technical guidance on the transfer pricing aspects of financial transactions (FTs).

Extra profit surtaxes: detailed rules are announced

Government Decree on the new surtaxes was published in the Hungarian Official Gazette on 4 June 2022.

Extra profit surtaxes: major mid-year tax package arrives

Besides the banking sector, the energy sector, retail chains and telecommunication firms, the pharmaceutical distributors and airlines are also hit by the proposal, as well as the advertising tax is set to be reintroduced again.