Draft VAT return
July 6, 2021 | Author: Erika Dudás
UPDATE Pursuant to the amendment published in Magyar Közlöny (Hungarian Gazette) on 16 July 2021, contrary to the previous provision, the Hungarian tax authority will offer the first draft VAT
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Webshops and the OSS Scheme
June 28, 2021 | Author: Éva Szőke-Solymosi
From 1 July 2021, the rules of e-commerce will change at EU level, which had to be taken over to the Hungarian tax system as well. VAT regulation for e-commerce
Consequences of late depositing the financial statements
June 28, 2021 | Author: Erika Dudás
Companies keeping double-entry books and registered in the register of companies shall deposit and publish the financial statements. The relevant regulations are contained in Subsection (1) of Section 153 of
Financial Reporting Deadlines in 2021
May 5, 2021 | Author: Éva Szőke-Solymosi
The 2020 financial reporting period, like last year, is in the shadow of COVID-19. This does not make things easier for enterprises, accountants or auditors. However, a significant change
Reverse Charge is to be Abolished for Most Temporary Agency Work
April 16, 2021 | Author: Eva Szoke-Solymosi
In the request for a derogation, Hungary wanted the general VAT rate for temporary agency work to remain subject to reverse charge, as it has been in recent years. However,
Central Register of Beneficial Owners
February 24, 2021 | Author: 2021-02-24
As a result of the amendment, legal entities and entities without legal personality will be obliged to report beneficial owner(s) to the central register. Within 5 days after the commencement
2021 NAV Inspection Focus Areas
February 11, 2021 | Author: 2021-02-11
NAV continues to choose companies for risk-based inspection, using its ever-expanding data assets. Screening companies that specialize in tax evasion will remain a priority. The following activities will receive special
What You Need To Know About Changes in KATA in 2021
December 1, 2020 | Author: 2020-12-01
The amendment was adopted back in July, and after a minor change in November, it can now be considered final: 1. As of January 2021, an enterprise which makes a
Online invoice 3.0 – from 1 January 2021
November 13, 2020 | Author: 2020-11-13
The legislative change also causes changes in the structure of the data to be submitted, which entails further development obligations for the invoicing software. However, new services are appearing in
A Package of Proposals to Amend the Tax Laws in 2021 Has Arrived
October 14, 2020 | Author: 2020-10-14
Please note that this summary is about the draft, the adopted law might be different, so it is worth monitoring the amendments. Personal income tax – PIT: The system of
