Reporting obligation for foreign bank accounts

15 January 2018

According to prescriptions of the new Act on Rules of Taxation (Act CL of 2017) entities registered at the Court of Registry have to report their foreign bank accounts towards NAV (Hungarian tax authority). The report should contain name of the bank, the bank account number and the date of opening/closing the account. Deadline for reporting is 31 January 2018 (in the case of bank accounts already existing on 1 January 2018, otherwise within 15 days of opening/closing the account).


Lili Szenkovits |