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Three Months Deferral on Compulsory Invoice Data Supply
A three-month grace period will be given to taxpayers, to use the 2.0 version of the Online Invoice System due to the coronavirus crisis.
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Further Details on the Extraordinary Tax Measures Released by the Government
On March 23, 2020, Decree no. 61/2020 (III. 23.) on the measures necessary to mitigate the impact of the coronavirus on the economy was published in Hungary.
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Coronavirus: the government’s emergency package
On March 18, 2020, the government announced an emergency package to mitigate the impact of the coronavirus pandemic on the national economy.
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How high is the Hungarian tax wedge?
What tax burdens does the Hungarian tax system impose on taxable persons? How worrisome are these burdens? How complicated is the system?
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Anti-money laundering rules – extended deadline
As already mentioned in our earlier newsletters, the Act on Anti-Money Laundering (“Act”) came into force on 26 June 2017.
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GDPR Implementation and Enforcement After One Year
A Pan-European comparative analysis including infringements and sanctions…
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Brexit – New tax bill concerning UK individuals working in Hungary
As probably everybody knows by now, the UK is supposed to leave the European Union on 29 March 2019. Although the situation is changing almost every day…
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Changes to the Hungarian film legislation from 2019
On 12 December 2018, the Hungarian Parliament passed the bill that introduces new changes to the Hungarian film legislation. Most of the amendments will come to effect as of 1 January 2019.
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Exchange of information with respect to country-by-country reporting between Hungary and the USA
The draft law no. T/3360. on the announcement of the agreement between the Government of Hungary and the Government of…
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Andersen Global Expands in Eastern Europe with OrienTax
(SAN FRANCISCO) – Andersen Global strengthens its expansion into Eastern Europe with news that the leading and largest independent firm in Hungary…
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Tax law changes 2019
The Hungarian Parliament passed the bill on the 2019 tax law changes on 20 July 2018. Following the trend of previous years’ tax law changes, it is the simplification of…
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Hungarian tax rebate to increase to 30%!
UPDATE: The European Commission (in its resolution of July 11, 2018) approved the modification of the Hungarian film support scheme.
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