News - Andersen In Hungary

M&A Full Year Review

Despite the fact that the total number of deals in 2022 fell short of the record-breaking number of deals achieved in 2021, they still managed to exceed pre-pandemic levels.

Extended Producer Responsibility – Significant changes in the Hungarian green tax legislation

In the following, we summarize the most important changes starting 1 July 2023.

Szabó Kelemen & Partners Andersen Attorneys ranked in Chambers Europe 2023

The firm is ranked in the Employment category.

Southeast Asian tax specialist joined Andersen Hungary

Interview with Ngwe Lin Myat Chit, the new senior tax advisor of Andersen.

DEBRA directive: tackling debt-equity bias

According to the EU, the tax-driven debt-equity bias results in favouring the use of debt over equity for investment financing, creating an unstable and vulnerable economic environment.

Andersen well ahead of growth plans

The sales revenue of Andersen Adótanácsadó Zrt. reached HUF 2.1 billion in 2022, which is almost 40 percent up on the previous year.

Changes in Hungarian competition law

The Act LVII of 1996 on the prohibition of unfair market practices and the restriction of competition was substantially modified by the Act LV of 2022, in principle with effect from 1 January 2023.

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%.