BPO AUDIT TAX

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  • The National Tax and Customs Administration of Hungary and the Chamber of Hungarian Auditors issued a communication concerning the Hungarian affiliates of multinational group of companies

    The National Tax and Customs Administration of Hungary and the Chamber of Hungarian Auditors issued a communication concerning the Hungarian affiliates of multinational group of companies

    | Wrote: Szilvia Vígh
    On June 7, 2018 the National Tax and Customs Administration of Hungary and the Chamber of Hungarian Auditors issued a joint notice drawing the attention of Hungarian enterprises to the following legal requirements.
    Although Act C of 2000 on Accounting contains the requirements for the reporting and bookkeeping, unfortunately, some Hungarian companies belonging to an international group of companies do not fully comply with these standards.
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  • Online Invoicing

    About Online Invoicing

    | Wrote: Renáta Béres
    From July 1, 2018, it is mandatory to provide the National Tax and Customs Administration of Hungary with data on invoices issued in relation to transactions between domestic taxpayers (i.e. not on invoices issued to private individuals) with output VAT of at least HUF 100,000. Registration is compulsory in case of both users of invoicing software and those invoicing by means of a form. More about us
  • Audit obligation 2018

    Audit obligation 2018

    | Wrote: László Killik, Vera Czabán
    When is auditing obligatory? Who appoints the auditor? Who can be appointed as auditor? The obligation of auditing can be required by several laws in Hungary, but the first and most important of these is the Accounting Act. An undertaking that is subject to audit under the Accounting Act must entrust an auditor to audit their annual or abbreviated financial statements. More about us
  • Taxation Issues for Donation

    Taxation Issues for Donation

    | Wrote: Szilvia Vígh
    As is well known, in addition to being well intentioned, donations are also excellent for PR purposes and financially advantageous, since donors may also reduce their pre-tax profit if they are subject to corporation tax. More about us

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