Transfer Pricing in the Pharmaceutical Industry: New Challenges in Light of Evolving Regulations

Transfer pricing has long been a key area of focus for pharmaceutical companies, but an increasingly demanding regulatory environment is creating new compliance challenges.

Year-End Planning: Why Now Is the Right Time to Consider Switching to KIVA

The end of the year is not only a time for reviewing business performance but also an ideal opportunity for strategic tax planning. For many smaller businesses, it is worth asking whether their current tax regime remains the most advantageous option, or whether it is time to switch to the Small Business Tax (KIVA).

November 20 Is Approaching: Time to Consider Group Corporate Taxation

Affiliated companies have the opportunity to be treated as a single taxpayer for corporate income tax purposes, subject to approval by the tax authority. For corporate groups, group corporate taxation can provide a range of tax and administrative benefits.

Year-End Accounting and Financial Tasks for Businesses

The end of the year is not only a time for reviewing performance but also the peak period for accounting and financial responsibilities for most businesses. However, the rush and pressure typically associated with December can be significantly reduced if certain tasks are prepared well in advance. This is why it is advisable to review upcoming obligations early, explore available options, and consciously plan the remaining months of the year.

Innovation Is There, Yet Incentives Often Remain Untapped

 In today’s economy, research, development and innovation are no longer merely a source of competitive advantage but have become a fundamental driver of sustainable growth. As a result, countries worldwide have introduced various tax and financial incentives to encourage businesses to invest in R&D activities. Hungary offers particularly favourable conditions in this respect; nevertheless, many companies fail to fully benefit from the available opportunities. Although the Hungarian support system is considered extensive by international standards, a significant number of eligible businesses still do not take advantage of the incentives available to them.

We Have an Accountant – Do We Still Need a Tax Review?

For many business owners, it seems self-evident that if the company’s accounting is in order, there is little else to worry about from a tax perspective. The accountant prepares tax returns, processes accounting documents, and monitors filing deadlines, making it easy to assume that the business is also fully compliant with tax regulations.