As it is widely known, the accepted tax package, published last week, postponed the effective date of the provision that stipulates the connection of invoicing programs and on-line reporting to the Hungarian Tax Authority with one year.
The most important trend in the world of international transfer pricing is that more and more countries implement the recommendations set out in the BEPS Action Plan.
The omnibus tax package approved by the Parliament last week has been announced in the Official Gazette (Magyar Közlöny) on 19 June 2017.
Parliament’s decision is in: the advertising tax is to be refunded
Parliament passed an amendment on Tuesday pursuant to which the advertising tax filed and paid by publishers of advertisements for the 2014-2016 tax years is to be repaid.
NAV focusing on excise authorisations
In recent years, the Hungarian Tax and Customs Administration (NAV) has been receiving an ever increasing range of data from a variety of online systems, including EKAER.
It has been a trend for a number of years that in the spring the financial administration presents a “package” of amendments to the tax laws to be introduced in the following year. This year is no exception: on 2 May 2017, the latest omnibus tax bill (proposed act no. T/15428) was submitted to the Parliament.
On May 4, 2017, the Parliament voted the law amendment requiring the filing of Country-by-Country Report (“CbCR”).
As we could also hear from media reports, Theresa May sent the official notification to the EU yesterday on activating Article 50 of the Lisbon Treaty, which means that the UK has officially started the BREXIT process.
A new era may begin in 2017 regarding the advertising tax, if the Parliament passes the proposed amendments to the law, submitted by the Government on Tuesday (28 March 2017).
A NAV márciustól már előre jelzi, hogy hol fog operatív ellenőrzést végezni. Az ADÓtraffipax intézményét vélhetően a vállalkozásbarát NAV képének további erősítésére hozták létre, de jelenleg erősen kérdéses, hogy valóban alkalmas lehet-e arra, hogy az önkéntes jogkövető magatartást erősítse.