News

Obligations and practical application for employers subject to the Anti-Money Laundering Act Pursuant to the “Complaints Act” adopted by the Hungarian Parliament on 23 May 2023 (Act on Complaints and

Hungarian venture capital investors are increasingly investing in American companies through “SAFE” agreements, which have revolutionized the capital raising process for early-stage startups. In many cases, this is done to

Hungarian workers are highly sought after by companies operating in the European Union. With the rise of digitalization and teleworking, Hungarian workers can now work from home, even in Hungary,

In the summer of 2022, it was already foreseeable that legislators were planning significant changes to transfer pricing documentation and, in this context, to the upcoming corporate tax returns. As

We will cover the topics below at our MGI-BPO Tax Conference on 9 December 2022, after which we will send the tax law changes in writing to our Clients. In

The Hungarian government has submitted a package of proposals to amend the 2023 tax laws.  Here is a summary of the main plans affecting value added tax. Changes Relating to

Examining the threshold for the preparation of abbreviated annual financial statements for a company created by separation If the data for the two financial years preceding the financial year concerned

Zsofia Koncz, Parliamentary State Secretary at the Ministry of Technology and Industry, announced the long weekends in Hungary in 2023 on her Facebook page. Most public holidays in Hungary will

By László Killik on 5/13/2022 Since the introduction of the Online Reporting and Form Completion System, known in Hungarian as the Online Beszámoló és Űrlapkitöltő Rendszer (OBR), companies that are

According to the Act on Credit Institutions and Financial Enterprises, the credit and loan operations are financial services may be performed on a commercial scale subject to authorization. An exception

The OECD has been working since 2019 to create a global minimum corporate tax rate that has received increasing attention in recent weeks. The essence of the deal is to

Several companies want to support certain organizations, but it’s worth considering what benefits this might have for tax purposes. First, what is a donation under the Corporate Tax Act? Donation