Fiscal representation

Fiscal representation

It is known that for third country (non-EU) companies a Hungarian fiscal representative must be appointed in order to obtain a Hungarian VAT number.

Thus, it is mandatory to use fiscal representation services for a third country company, however it is important to choose the right provider for such services. The task of the fiscal representative is to ensure that the Client settles all its’ Hungarian tax obligations, including invoicing regulations, keeping accounting records, EKAER obligations, submission of tax returns and payment of related taxes, answering the queries and handling tax audits initiated by the Hungarian Tax Authority at the Client.

BDO Hungary provides reliable professional expertise and wide range of knowledge and experience due to its’ international background.

It is important to know that since the fiscal representative is jointly and severally liable for the tax obligations of the represented company in Hungary, according to industry practice, all financial representatives ask their customers for a bank guarantee or bank deposit as collateral against possible damages.

It might occur as to why you should choose the fiscal representation services of BDO Hungary…

Due to BDO Hungary’s international background and more than 30 years of professional expertise our fiscal representation service provides a tailor-made solution for the companies. It is not only an obligation for us at BDO Hungary, but a prioritised duty as fiscal representation is our experience based area of expertise and professional mission.

As the fiscal representative to your Company, BDO Hungary handles the following tasks:

  • Personalized tax advisory services in VAT related questions.
  • Full scale professional support in the settlement of Hungarian tax obligations.
  • Performing Hungarian VAT registration of your Company at the Hungarian tax authority.
  • Preparation and submission of VAT returns on behalf of your Company.
  • Representation of your Company in the case of a tax audit.
  • Taking care of all taxation related obligations in Hungary.

In order to experience our professional services, please contact our fiscal services colleagues at our contacts section.