EU Social Security Coordination Between Member States Is Being Modernised

Although EU countries independently design and operate their own social security systems, millions of people live or work outside their home country within the European Economic Area. It is important that both these individuals and the authorities concerned have clarity regarding their social security rights and obligations. To clarify and protect these cross-border entitlements, social security coordination rules were introduced. These rules ensure continuity of benefits, help prevent double contributions, and support the free movement of persons.

TAXATION OF EMPLOYMENT IN HUNGARY

In the following guideline we will provide detailed information about the taxation of employment in Hungary. If you are considering doing business in Hungary, or you need a reliable partner in tax advisory, accounting, payroll or auditing, don't hesitate to contact us! We are dedicated to help our clients with our high quality, tailored ser-vices to find the best economic solutions

How to get ready for applying corporate R&D benefits?

Although, there are numerous tax allowances and subvention to tenders available for research and development activities in our country; due to complex legislation and strict audits and sanctions, fewer corporations take advantage of the allowance than they could. However, the related allowances might be applied without any risks by involving an expert of this taxation area with regular procedures.

Conditional tax penalty: Advantage or Disadvantage?

This year, the regulation of the institution of the tax penalty has changed, so a new allowance on conditional tax penalty has been introduced. However, is it really beneficial for taxpayers?

Taxpayer’s qualification: the reliable and the risky ones

One of the major novelties of the Hungarian tax procedural rules as of 2016 is the introduction of the taxpayer’s qualification. During the qualification process, the Hungarian Tax Authority (HTA) distinguishes reliable and risky taxpayers. A taxpayer is qualified as reliable upon simultaneously meeting ten different conditions listed beneath. To be characterized as a risky taxpayer; however, it is enough to meet one of the given four conditions.