News

The following overview provides a summary of the most important aspects of company formation in Hungary. What types of companies can be established in Hungary? The most commonly chosen company

From early 2026, the tax rules related to hospitality for representation purposes have significantly changed. Under certain conditions, businesses may now use restaurant or confectionery services tax‑free — a major

The deadline for submitting personal income tax (PIT) returns is approaching on May 20, and all taxpayers can now review their draft tax returns. The drafts are already available on

For many company leaders, an audit is synonymous with endless data requests. Yet there is a perspective of the process that rarely gets mentioned—although it is by far the most

At MGI-BPO, we have always considered it essential to present our profession authentically and to support young talents. We believe that high-quality advisory work is built on a professional environment

Government Decree No. 10/2026 – published in Issue 12 of the Hungarian Gazette – amended certain provisions of the personal income tax and social contribution tax acts as of 1

Accounting, Payroll and Reporting of Hungarian Subsidiaries in Practice In an internationally owned subsidiary, accounting and payroll are far more than administrative tasks. They are the foundation of trust between

An increasing number of Hungarian professionals are being offered opportunities by foreign companies to work for them remotely from Hungary. In such cases, important questions arise: In which country is

Determining whether an audit is required often causes confusion, especially when this question arises for the first time in an organization. To help, we’ve compiled a comprehensive guide on the

On April 30, 2025, the Hungarian Gazette published NGM Decree 10/2025 (IV.8.) regarding the work schedule around public holidays for the year 2026. In 2026, there will be 7 long

Starting January 1, 2026, the process of publishing financial statements and issuing audit reports will fundamentally change. According to the regulations of the Hungarian Chamber of Auditors and legislative amendments,

Last Thursday, we once again held our annual Tax Conference, a tradition among our clients for over 15 years. We are proud that this series continued uninterrupted even during the