FINANCIAL REPORTING AND AUDITING

In this article we will provide detailed information about the basics of accounting, financial reporting and auditing in Hungary.

Serving the investment…

LeitnerLeitner primarily focuses on national and international tax advisory, accounting and payroll, statutory and merger audit, and financial advisory services such as M&A and DD assistance to Hungarian subsidiaries and branches of international companies. Thus we are the first to meet the intension of a business foundation or the launch of foreign companies in Hungary. Our recent experiences truly reflect a notable growth in starting or expanding business in the country. Many contact us with an interest in new investments, mergers and acquisitions; they ask us to support them in the due diligence of their targets, their accounting and tax integration and also to help maximize the tax incentives available for their business.

Changes in the Accounting Act, 2016

Our current post provides you with information about the major changes in the Hungarian accounting legislation effective as of 2016. The amendments mainly aim to comply with EU directives unification. In addition, the modifications also aimed to converge the Hungarian thresholds with the EU levels, and also to harmonize the accounting legislation with tax and civil law regulations.