Changes as of July 2023 affecting the taxation of individuals

This summer, the tax law has changed at several points, which also affect private individuals, the summary of the most important amendments are summarized as follows.

What and how will be audited in the field of customs and excise products 2023?

In addition to the general tax obligations affecting the taxation of companies and individuals, the Hungarian Tax Authority pays special attention this year to the legal compliance of the customs and excise field. The audit directions for 2023 are presented in this article.

Priority audit targets of the Hungarian Tax Authority in 2023

In 2023, the Hungarian Tax Authority will continue to support, control or punish the taxpayer based on the taxation behavior.

It strictly punishes tax fraud and intentional tax evasion. The authority can act more and more quickly, thereby collecting the planned revenues more and more effectively. Based on the risk analyses, it conducts legal compliance investigations, tax and customs inspections or support procedures.

2 days before of the introduction, the EPR rules were significantly changed

On June 29, 2023, the rules of the extended producer responsibility system were amended by a government decree (no 276/2023. (VI-29)). Since the affected taxpayer did not have enough time to prepare for the new rules, it is worth to carry out further impact analyses in the period after the entry into force of the decree in order to accurately fulfill the obligations and calculate the additional burdens.