Tax representation services

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Tax representation services

A tax authority audit can present a significant challenge for a business, as it is time-consuming, complex, and can have serious financial consequences if the taxpayer does not act appropriately. The tax authority may initiate various types of audits (compliance review, comprehensive tax audit, data reconciliation) for taxpayers. During these audits, answering the questions raised by the authority, developing a procedural strategy, communicating with the tax authority, and ensuring proper documentation are crucial, so it is advisable to seek experienced expert assistance throughout the entire process.

The experts of BDO Hungary Compliance Kft. support their Clients at every stage of tax authority procedures to ensure that the process runs smoothly and precisely. Whether it is a simple compliance review or a more complex comprehensive tax audit, our experts provide the appropriate representation and advice.

Our services, tailored to our Clients’ needs, may include the following:

Tax authority representation and support

  • Individual responses to questions arising before or during the authority audit, compiling and submitting the required documents, and identifying potential risk points based on the provided documentation.

  • If necessary, personal participation in on-site inspections and consultations to ensure that our clients receive proper support.

  • Handling official correspondence and maintaining continuous communication with the tax authority.

  • Taking legal remedies if necessary (e.g., preparing observations, appeals).

  • Pre-audit review, during which we simulate a tax authority audit, identifying and addressing potential risk points.

A tax audit not only represents an administrative burden but also carries significant financial risks. The presence of an experienced tax expert not only provides security but also helps ensure that the authority procedure runs smoothly and concludes with the most favorable outcome for the client.

If you have any questions or need assistance, please contact us at tax@bdo.hu, and our experts will be happy to assist you!

Other services

Compliance

Tax Compliance Services

The continuous changes in tax regulations can present a significant challenge for both businesses and individuals. Knowing the applicable laws accurately and keeping up with regular modifications is a time-consuming task, yet it is essential to ensure compliance with tax obligations. Even a small oversight can cause inconveniences, which is why having reliable expert support is crucial.

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Tax Representation Services

Tax Representation Services

A tax authority audit can present a significant challenge for a business, as it is time-consuming, complex, and can have serious financial consequences if the taxpayer does not act appropriately. The tax authority may initiate various types of audits (compliance review, comprehensive tax audit, data reconciliation) for taxpayers. During these audits, answering the questions raised by the authority, developing a procedural strategy, communicating with the tax authority, and ensuring proper documentation are crucial, so it is advisable to seek experienced expert assistance throughout the entire process.

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Due Diligence Services

Due Diligence Services

It is crucial for the taxpayers to have a clear picture of the tax regulations and possible tax risks in case of tax audits. Furthermore, in the event of a change in the organizational structure, it is worth to supervise and reconsider the consequences from a tax perspective. In addition, it may also be necessary to get a comprehensive view of the company’s taxation in case of acquisition/sale of business.

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VAT

Value Added Tax

The value added tax (“VAT”) is often referred to as the most difficult and complex tax matter. Due to the outstandingly high Hungarian normal VAT rate of 27%, the highest rate in the European Union, VAT is considered to be one of the biggest risks for businesses. As VAT is a transaction-based tax, it is vital to receive the most accurate and professionally acceptable answer to your questions in the shortest period of time.

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expat

Expat Services

With the expansion of multinational companies, more and more employees work in multiple countries. Whether international business trips or assignments are short or long employers and expatriates are facing with cross-border taxation implications. Compliance with the domestic and foreign tax laws can be challenging and can carry significant taxation risks.

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International tax

International Tax

Due to the rapid development of international trade, in order for multinational enterprises to conduct business in a more simplified and efficient way, the need for foreign tax registration and establishment have been significantly increased. Moreover, it has become a general approach for multinationals to outsource one or more parts of their business operations to foreign countries, which also entails that the company’s business structure needs to be re-organized. Thus the taxpayer probably has many complex questions in relation to being in compliance with the regulations of the relevant foreign countries.

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Fiscal Representation

Fiscal Representation

Financial representation is essential for third-country (non-EU) enterprises that wish to operate in Hungary. To obtain a Hungarian tax number, these companies are required to appoint a financial representative in Hungary. The financial representative ensures that the enterprise complies with all Hungarian tax obligations, including adherence to invoicing regulations, maintaining records, fulfilling EKÁER obligations, submitting tax returns, paying taxes, responding to tax authority inquiries, and handling tax audits.

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Personal Income Tax

Personal Income Tax

The continuous changes in personal income tax and social security regulations present significant challenges for both individuals and businesses. Accurately determining tax obligations, ensuring compliance with legal requirements, and implementing optimal tax planning are essential for maintaining financial stability and minimizing risks.

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Corporate Income Tax

Corporate Income Tax

Corporate Income Tax is of paramount importance for companies. In order to run successful business operations, it is indispensable for companies to get familiar with and to understand the regulations relating to the income deriving from such activities.

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