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After 3 years of waiting, on 1st of April 2018 a new Agreement on Social Security came into force, this time between the Republic of Hungary and Turkey.
Beside the online data-reporting obligation of invoicing softwares from 1st July, further changes are expected in the VAT system from 1 January 2019. These changes will have to be applied not only in Hungary: in December the European Council accepted the new rules affecting all member states of...
Based on Estonian, Swedish and Catalonian examples, the e-prescription has been introduced also in Hungary thanks to EU funding. Basically, this means that the paper-based prescriptions currently in use will be replaced by an electronic registration system from November 1, 2017.
Enterprises shall comply with their obligation to publish and deposit their financial statements report by sending it electronically to the Company Information Service via the government’s portal until the last day of the fifth month after the last day of the relevant financial year - if the last...
This is the first time when the new data reporting requirement described in Act LXXXI of 1996 on Corporate Tax and Dividend Tax (7.§ 4th paragraph) has to be applied. According to this obligation, the taxpayer can reduce the pre-tax profit by the bad debt of outstanding claims towards related...
Due to the success of the draft personal income tax return preparation program of NAV, from this year it provides similar services to taxpayers in connection with excise tax as well.
A new government decree on service providers providing services subject to notification will come into force on 10 May 2018 [410/2017. (XII.15.) Government Decree]. Through the new government decree compliance with the 2016/1148 European Parliament and Council Directive can be achieved.
As known, from 1 January 2018, business organizations/ companies are obliged for electronical correspondence and electronical administration with NTCA.