News - Andersen in Hungary

Christmas surtax changes affecting pharmaceutical manufacturers and the insurance sector

The range of taxpayers obliged to pay special surtaxes was extended to include pharmaceutical manufacturers.

Stricter transfer pricing rules were published

The new rules are already in part applicable to the intra-group transactions of 2022.

Hungary has given in: the global minimum tax is coming to the Union

The Council of the EU managed to reach an agreement on the issue of the global minimum tax, after the Hungarian government decided to no longer veto the adoption of the draft EU directive.

The proposal on a stricter transfer pricing regulation is publicly available

As already addressed in our previous newsletter, transfer pricing (”TP”) regulations are getting stricter from 2022.

Surtax increases to 95% in the energy sector

The rules of the special surtaxes introduced in the summer are changing again. This time, the rate of the surtax levied on Hungarian oil company MOL as a producer of petroleum products is increasing from 40% to 95%, and the rate of the so-called Robin Hood tax from 31% to 41%.

2023 tax law changes: Parliament passed its autumn tax package

On 22 November 2022, the Hungarian Parliament passed the autumn package related to next year’s tax law changes without any significant amendments compared to the draft bill.

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.