February 5, 2010, 10:52 amAccording to the tax law modifications previously accepted by Hungary’s Parliament, the practice of tax base supplementing was introduced in personal income taxation as of 1 January 2010; this practice...
January 29, 2010, 8:29 amIn its latest Tax & Legal Alert, PricewaterhouseCoopers addressed issues related to the taxation of high-value property in Hungary after the Constitutional Court scrapped the tax on residential property...
January 26, 2010, 11:04 amThe rules of foreign VAT refunding changed significantly from 1 January 2010 in the Member States of the European Community. In the latest issue of its newsletter, RSM DTM Hungary summarized the most significant...
December 21, 2009, 12:50 pmHungary’s government has received a nice but stunningly large early Christmas present from tobacco companies that may help it in its Herculean battle not to miss its 2009 budget deficit target, local...
December 14, 2009, 4:37 pmIn the business years from 2010, tasks related to local business tax in Hungary will fall within the competence of the state Tax Authority (APEH), and taxpayers will have to submit local business tax returns...
December 11, 2009, 8:43 amAs in previous years, companies in Hungary whose business year is the same as the calendar year will be required to comply with their topping-up obligation in connection with corporate tax, special tax...
December 8, 2009, 8:32 amHungary’s new Civil Code, which is expected to take effect from 1 May 2010, introduces specific regulations on factoring agreements. These regulations recognise the economic importance of factoring...
November 23, 2009, 8:44 amHungary’s Constitutional Courty has deemed “super grossing" tax-base calculation method constitutional. In its latest Tax & Legal Alert, PricewaterhouseCoopers addressed the issue in more details....
November 20, 2009, 3:32 pmUnder Act LXXVII of 2009 on amendments to certain acts on the system of contributions to public revenues, the special tax payable by business entities will be abolished in Hungary from 1 January 2010....
November 16, 2009, 8:01 amOn 9 November 2009, the Hungarian Parliament passed bill no. T/10676 into law. The new Act concerns amendments to certain acts on sole traders (sole proprietorships) and savings incentives and introduces...
November 12, 2009, 5:00 pmThe Hungarian Parliament has adopted several amendments introducing significant changes to the way personal income tax is calculated from the consolidated tax base. In its latest Tax & Legal Alert, PricewaterhouseCoopers...
October 30, 2009, 5:00 pmFrom 1 October 2009, operating licences are only required for the distribution of certain excise goods. PricewaterhouseCoopers has summarised the key changes in its latest Tax & Legal Alert as follows....
October 29, 2009, 1:25 pmThe European Commission has called on Hungary to modify its relevant provisions on car registration tax, which provide for the depreciation of value to be applied to second-hand passenger vehicles from...
October 27, 2009, 3:45 pmAmong other effects of the amendments to Hungary’s Civil Procedures Act that Parliament passed during the summer, it restricts the rights of contractual parties to stipulate, at the time a contract...
October 20, 2009, 5:39 pmA regulation approved by Hungary’s Finance Ministry last Friday (22/2009 (X.16)) has brought Hungary a step closer to uniform European standards of transfer pricing. The new documents are not only...
October 16, 2009, 1:30 pmAs described in an earlier newsflash by PricewaterhouseCoopers, bill no. T/10676 has been submitted for approval to Hungary’s Parliament. The bill amends Act XCII of 2003 on the Rules of Taxation...
October 6, 2009, 5:00 pmBill no. T/10676 on amendments to certain acts on sole traders (sole proprietorship) and savings incentives has been submitted Hungary's Parliament for approval. In addition to changes to various tax types...
October 6, 2009, 7:50 amThe Hungarian Tax Authority (APEH) has recently published an information bulletin on its website on the correct application of the VAT Act that came into effect in 2008. The material has clarified a number...
October 5, 2009, 1:30 pmIn the latest issue of its Tax & Legal Alert PricewaterhouseCoopers has summarised the most important amendments affecting Hungary's the real estate industry. See the key amendments below. Bill no. T/10676...
September 28, 2009, 8:54 amThe Hungarian Parliament passed an amending bill on 29 June 2009 that changes the system of contributions to the public revenues. Under this legislation, from 1 January 2010, the “part resulting...
