It may seem that the tax authorities increasingly know who is worth auditing as surely as if they have magical or mentalist abilities. The Hungarian National Tax and Customs Administration (NAV) selects taxpayers for investigations with an increasingly sure idea of where they might find some kind of error, discrepancy or, Heaven forefend, fraud.
Thursday, 8 May 2025
Friday, 21 March 2025
Transfer pricing in Hungary - Local Hot Topics and Recent Updates
Transfer pricing is a priority area for 2025 tax audits!
Considering the transfer pricing strictures introduced as from 2022 (transfer pricing reporting in the yearly tax return, obligatory median adjustment, increased penalties), the Hungarian companies have to count on far more stricter Hungarian transfer pricing rules, and the possibility of more efficient tax authority actions.
Monday, 3 March 2025
Top Legal Executives
Friday, 28 February 2025
CHANGES TO ACCOUNTING
CHANGES IN TAX PROCEDURES
OTHER TAXES AND DUTIES
We would like to share with you the most important Hungarian Law amendments affecting Taxes and Duties such as ownership of motor vehicles or the inheritance of a residential building, relevant for 2025.
THE GLOBAL MINIMUM TAX, SPECIAL SECTORAL TAXES, EXTRA PROFIT TAXES AND LOCAL TAXES.
We would like to bring to your attention to the most important amendments to Hungarian law concerning the Global Minimum Tax, special sectoral taxes, extra profit taxes and local taxes, relevant for 2025.
Thursday, 27 February 2025
THE VALUE ADDED TAX
We would like to give you an overview about the most important amendments to Hungarian law concerning the Value Added Tax, relevant for 2025.
THE TAXATION OF CORPERATIONS IN CORPORATE INCOME TAX
We would like to report to you about the most important Hungarian Law amendments affecting corporations, such as corporate income Tax, relevant for 2025
THE PERSONAL INCOME AND SOCIAL CONTRIBUTION TAX
We would like to present to you the most important Hungarian Law amendments affecting the Personal Income Tax and the Social contribution Tax, relevant for 2025.
Wednesday, 12 February 2025
Talk about the accounting and tax consultancy market in 2025
What's new for 2025?
Among the especially huge number of recent tax changes, I would like to highlight the expanding range of tax-advantaged and tax-exempt benefits for employees.
Tuesday, 14 January 2025
How does GloBE Affect Hungarian Subsidiaries?
The world of international taxation is undergoing significant change with the introduction of the global minimum tax (GloBE) framework. This new system aims to fairly distribute tax rights among countries where these corporations operate, ensuring that they contribute to the tax base of each country.
Do not Delay in Registering the Amount of Your Pledges
To ensure the safety and smoothness of lending practices, it was deemed necessary to make information on company pledges more transparent. Therefore, according to the new rules of the Company Act, firms with credits have to register the amount of their pledges.
Friday, 10 January 2025
Remuneration packages for satisfied and loyal employees
Employment-related costs, increasing fluctuation and workforce difficulties strengthen the need for Human Resources solutions. How to satisfy employees and whether the salary alone is enough to motivate them in the long term is a lengthy debate. Still, it is very likely, when considering the market situation and the available remuneration, that money counts.
TOP 4 trends in taxation for 2024
There are no boring years in taxation. 2024 also promises exciting challenges for anyone involved in tax affairs.
Thursday, 9 January 2025
Fiduciary Asset Management: Don’t Repent at Leisure From Work Done in Haste Inside View
2023 was all about fiduciary asset management (family trusts or family foundations) in the lives of Hungarian business-owning families. Because the legislature abolished an old option to reevaluate businesses and enjoy tax benefits, fear of change prompted many to take immediate action. That could leave many legal questions open, which should be looked at now.
Friday, 15 November 2024
During poli-crisis it is vital to develop flexible solutions for our clients
What is the number one challenge facing the financial sector in Hungary today?
Nowadays the economy has to face not just one challenge, but several at once. It is usually called “poli-crisis”, which is the number one challenge – and all its parts in itself has an impact on our areas, meaning for LeitnerLeitner/LeitnerLaw financial, accounting and auditing, tax consultancy and legal support. Issues raised by war, climate change, competitiveness, digitalization and increasing authority control brings to life new and new framework both internationally and domestically. Even one of these would be enough to rethink ones’ strategy, to rationalize and adapt. During consulting, it is vital to consider the uncertain, constantly changing environment and to develop flexible solutions for our partners.
Monday, 12 February 2024
Law Firm LeitnerLaw Szabó & Partners is established
2024 marks another milestone for the LeitnerLeitner group: on 1 February, LeitnerLaw Szabó & Partners Law Firm will start its work in close cooperation with the LeitnerLeitner offices, which celebrate 30 years of operation this year. As a result, LeitnerLeitner and LeitnerLaw clients will now have access to a wide range of economic and business-related services in-house, from domestic and international tax advice to accounting, payroll, auditing and transfer pricing, and now including comprehensive legal services.
Fiduciary Asset Management: Don’t Repent at Leisure From Work Done in Haste
2023 was all about fiduciary asset management (family trusts or family foundations) in the lives of Hungarian business-owning families. Because the legislature abolished an old option to reevaluate businesses and enjoy tax benefits, fear of change prompted many to take immediate action. That could leave many legal questions open, which should be looked at now.
Thursday, 5 October 2023
What kind of tax incentives are available for corporates on the field of environmental protection and energy efficiency investments?
Hungary provides various tax incentives, including discounts and subsidies
for environmental protection and energy efficiency investments. However, the
conditions and rules for obtaining the incentives changes from time to time, so
it is highly advisable to consider before the commencement any similar
development.