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20 September 2017

The CbCR reporting form is now available on the website of the Hungarian Tax Authority. The CbCR obligation is until the 31st December 2017 for all Hungarian member entities of multinational corporations, in case the company group is obliged to prepare the CbCR.

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19 September 2017

The entry of the new Civil Code1 has changed the mandatory minimum of the subscribed (share) capital, so accordingly should be examined the equity/ subscribed capital ratio. 

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19 September 2017

According to the amendment of the act on the food chain and its control by the supervising authority which came into force on 16 June 2017, the companies that are not established in Hungary but registered for VAT purposes in Hungary and their activities fall under the scope of act on food chain...

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24 August 2017

The Court of Justice of the European Union established its judgement in the Hungarian case no. C-254/16 in July 2017. The background of the case is that Glencore Agriculture Hungary Kft. which deals with grain trade, requested VAT refund from the tax authority in an amount of approximately HUF 4...

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24 August 2017

Business organisations should report their contact details used for electronic communication at Disposition Register until 30th August 2017 that can be complied by the help of the so-called Company Gate Registration.

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26 July 2017

During the last years on the field of transfer pricing, mostly on international level there have been major initiatives as for the transfer price documentation duties alterations. Accordingly, in effect of the BEPS action plan initiated by OECD, this May also the local rules have been modified...

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26 July 2017

Dear Client,  Hereby we would like to inform our Clients about the amendment related to Act XCII of 2003 on the Rules of Taxation (referredtoas: Act). A particular date has been amended to 1 July 2018, whichimpliestothe entry into force of the following implementations:

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03 February 2017

Audit committees are critical components in the financial reporting chain and committee-work is a year-round commitment. Audit committee duties, responsibilities, and disclosures for public companies are numerous and are governed by regulation and rule-making, U.S.

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03 February 2017

Technology has all but transformed the legal profession, leading to greater efficiencies in business operations, processes and methodologies.

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