How to Prepare for Tax Changes and Audits Affecting Trust Asset Management Structures?

In recent years, an increasing number of individuals have turned to trust asset management structures (TAMs) as a tool for the long-term management and protection of family wealth, including businesses, real estate, and other investments. Many have also used these structures to facilitate intergenerational wealth transfers.

What accounting challenges do the Hungarian subsidiaries of international corporate groups face?

The accounting of Hungarian subsidiaries belonging to international corporate groups is more complex than that of a purely Hungarian company, as they must comply not only with Hungarian regulations but also with group expectations and international accounting standards.

Attention! From 2019 the penalty rates are changing!

From 1 January 2019 a significant increase in penalties in tax audit procedures can be expected. You can find the main changes below.