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It may happen in the activities of a business association that equity falls below subscribed capital. What can be done about it? We have collected the potential options. The law

Difference between final dividend and interim dividend After approving the annual or abbreviated annual financial statements, the members of a company decide on the use of the after-tax profit. The

An ESOP organization is a great way to make employees even more committed to the company, and it is also a type of reward for the founding company and the

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

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

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

  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

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,

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

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

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

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