As we wrote in our latest newsletter, as part of the “tax package” bill pending before Parliament, a change is expected in the rules related to the refunding of VAT paid in relation to passenger cars leased via operational leasing arrangements.
In accordance with the tendency of the past several years, major changes in the tax laws were introduced twice this year. After the changes introduced in the summer, another major package is coming now in the autumn – one could say as routine.
How can multinational companies comply with Hungarian accounting rules? - Mazars Tax Newsletter 2018/17
The Hungarian subsidiaries and branch offices of multinational groups may find themselves in a difficult situation, as the auditors of the National Tax and Customs Administration (NAV) may find their practice of fundamentally using the systems of their parent companies, instead of accurately following the general ledger accounting prescribed by the Hungarian accountancy rules, as objectionable.
The VAT treatment of vouchers from 2019 is bound to stir up still water. Vouchers and coupons have long been among the most important marketing tools in commerce. In recent years, the intention to introduce a uniform, EU-level treatment has been in the news several times. It seems now that the time has finally come and changes are just around the corner!
Mazars’ newsletter on VAT standards and legislation. We would like to introduce you to the introductory issue of the Mazars CEE VAT Alert, in which we will regularly inform you about the main news in the VAT legislation of CEE countries.
Taxpayers still have time to find alternative solutions for online invoicing! - Mazars Tax Newsletter 2018/15
On 1st July the real-time data disclosure went live in Hungary. But some of the enterprises are still not ready with the necessary IT background. The good news is that the Tax Authority will wait until the end of July.
Even though there is less than a week left before real-time data disclosure goes live, some of the enterprises are still not ready with the necessary IT background.
In the middle of June, tax bills have been submitted to Parliament: on the one hand, a voluminous, 182-page-long omnibus bill (proposed act no. T/625), and on the other hand, the draft of the brand new separate act on the social contribution tax (T/627).
Less than one month to go until real-time data reporting obligation comes into force! We arrived to the point of no turning back: the related decree has been published by the Hungarian Ministry of Finance!
Until now, economic operators generating revenue not exceeding HUF 100 million from advertising did not have to pay an advertising tax or satisfy any related administrative obligation either.