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The National Tax and Customs Administration of Hungary (NAV) has released its 2025 audit plan, highlighting significant progress in targeted, risk-based tax inspections. This year, the emphasis remains on digital

According to the Ministry of Interior, the traditional paper-based Social Security Booklet (TB-kiskönyv) will soon be replaced by a modern electronic system. Until now, employers used this booklet to record

In 2025, many businesses can still benefit from favorable loan and leasing arrangements offered by the Széchenyi Card Program, which come with various subsidies. These subsidies help reduce costs, and

As of 2025, the Hungarian Tax Authority (NAV) has established specialized transfer pricing departments, signaling a clear intention to intensify the oversight of intercompany transactions. Why does this matter? Transfer

Payroll management is essential for any business, as accurate and timely payments not only ensure employee satisfaction but also guarantee compliance with legal regulations. This article explores the advantages and

With the rise of electric vehicles, more businesses are facing the challenge of properly accounting for home charging costs. It is crucial to distinguish between cases where an employee uses

Businesses often wonder whether it would be advantageous to sell a company car that is no longer in use for a symbolic amount, such as 1,000 HUF, to an employee,

Temu is becoming increasingly popular among small businesses and individuals, especially for purchasing affordable promotional materials and branded merchandise. However, Temu currently does not issue VAT invoices for businesses, making

For small businesses, managing cash flow is a top priority. One crucial decision is whether to use standard VAT (Value Added Tax) accounting or opt for cash accounting VAT, which

For Hungarian businesses, the financial transaction tax and high banking fees pose an increasing challenge, significantly raising operational costs. For larger transactions, the transaction tax can reach its cap of

Starting November 29, 2024, a major regulatory change will significantly impact how businesses file their financial statements. Companies that fail to meet their accounting obligations now face stricter sanctions, as

The reliability and transparency of financial statements form the backbone of investment funds and fund managers’ operations. Auditors play a pivotal role in ensuring this by verifying compliance with regulatory