You can read here the latest tax newsletters of the Hungarian office of Mazars. We would like to inform our clients and partners about actual tax news and changes.
Current news concerning the rehabilitation contribution
As of 1 January 2021, some amendments have entered into effect with respect to the scope of persons qualifying as having an altered working ability from the point of view of the rehabilitation contribution.
A new era began in the European Union on the first day of the new year, as the UK’s exit from the EU, a procedure dragging on for several years, has finally ended. On 1 January 2021, the transitional period during which the old EU rules were still in place, including those on trade and employment, have expired, and from this point forward the United Kingdom is indeed considered a “third country”.
Vocational training contributions from 1 January 2021
Almost at the last minute, on 28 January, a government decree finally “adjusted” the new rules applicable to the tax base for vocational contributions, as in effect from 1 January 2021.
After EKAER, here comes the BIREG system. But what does it mean for the stakeholders?
On 1 January 2021, a brand new provision of law entered into force and the “BIREG” system was introduced. The new obligation applies to freight forwarders, consignors and consignees involved in international road transport and, of course, it is different from the already known EKAER system.
One of the annually recurring tasks of employers at the beginning of each new year is obtain employees’ declarations on their cafeteria allocations. In the first weeks of 2021, this can cause quite a bit of headache!
OECD’s Guidance on the transfer pricing implications of the COVID-19 pandemic appeared
The guidance, originally expected for November 2020, was published by the OECD on 18 December 2020. The material provides a basis for reflection on the effects of the COVID-19 pandemic on transfer prices.
The much awaited Decree no. 13/2020. (XII.23.) PM (hereinafter: Decree) on the new EKAER rules entering into effect from 1 January 2021 were finally promulgated on 23 December 2020.