News - Andersen In Hungary

Károly Radnai re-elected to Andersen’s European Board of Directors

The managing partner of Andersen Hungary, Károly Radnai was invited to the board for the second time.

The M&A market in Europe has reached an all time record in 2021

The growth experienced in the M&A, private equity and venture capital transactions in 2021, is expected to set the stage for an even better 2022.

Player’s agent activity – detailed rules released

In the summer of 2021, the Parliament adopted an act on Sports in connection with the regulation of the activity of players’ agent.

The Parliament has adopted the „mini” tax law changes package

The tax law changes for 2022 have been approved by the Parliament. Significant tax cuts have been introduced for employers and small and medium sized enterprises.

Changes to the Hungarian film legislation – the basis of tax rebate has been broadened

Payments to domestic individuals will be eligible for the 30% tax rebate without limitation.

Transition from LIBOR

The reality that LIBOR is no longer accurate or liquid has been a long known fact. The widely used Interbank Offered Rates will be soon replaced by the so-called „Risk-Free Rates” or „RFRs”. But what does that exactly imply from a transfer pricing perspective?

ITR: Andersen is the Tax Firm of the Year in Hungary!

First time in our history we have won this title granted by the world’s largest international tax journal.

Major tax reform in the US in progress – with possible effects on Hungary

Recently, along with the American Jobs Plan, President Biden has proposed a comprehensive US tax reform, the Made in America Tax Plan.

Andersen Stories: 10 people, 10 stories, 1 thing in common

Our video series includes interviews with recognized and renowned economic professionals, who worked for Arthur Andersen around the turn of the millennium.

Introduction of “Service PE Concept” in Hungary

Foreign companies having employees working in Hungary for a period of more than 183 days may have a service PE (permanent establishment) and be liable to tax obligation.

Changes affecting the Hungarian film industry in 2021

The amendments of certain acts related to increasing the competitiveness of the motion picture industry, adopted by the Parliament on 16 December 2020, will bring several significant changes in 2021. We summarized below the most important changes.

Tax law changes 2021

On 17 November 2020, Parliament adopted the tax laws for 2021. Some amendments, such as the reduced rate of 5% VAT for construction of residential properties, have been included in other bills, however, our summary contains these changes as well.