Tag: pr

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The taxation pitfalls of trading abroad

April 25, 2019, 9:23 am
Thanks to the virtual mobility afforded by the internet, a growing number of people today are using online trading platforms to buy and sell foreign securities through brokers abroad. However, these investors... 

Swings and roundabouts

April 11, 2019, 9:58 am
60, 59, 58, 55... this is how the number of taxes has changed in Hungary over the past 4 years. The trend is certainly encouraging, but behind the figures there are some more complex phenomena at play.... 

Noerr has advised AEW Europe on acquisition financing of retail unit Luxus Aruhaz in Budapest

February 1, 2019, 3:58 pm
Noerr has advised AEW Europe on the acquisition financing of the prestigious "Luxus Aruhaz" retail unit at Vorosmarty square in the heart of Budapest. The transaction was financed by UniCredit Bank AG... 

New Partner Appointment at Noerr in Budapest

February 1, 2019, 3:57 pm
Viktor Füzi (39) has been appointed Associated Partner at Noerr’s Budapest office. Viktor has been with Noerr for over 2,5 years and has been advising major international clients on a range of... 

Not too good to be true?

November 26, 2018, 5:00 am
“It’s such a good deal that it won’t last for long", cried hundreds of business owners in response to the suggestions of setting up an ESOP. However, a bill recently adopted by the Parliament... 

Ákos Mátés-Lányi joins Noerr as Counsel in Budapest

September 25, 2018, 8:55 am
As a Corporate M&A lawyer, Ákos has built professional reputation as a specialist with an impressive track-record of advising on cross-border M&A, private equity and capital markets matters. He has... 

Bringing VAT “back from the dead"

July 27, 2018, 10:53 am
Companies are faced with countless situations where, for reasons beyond their control, they are unable to collect the money owed to them, including its VAT part. In such cases the tax authority often refuses... 

"Small" taxes with some big pitfalls

June 25, 2018, 9:35 am
The popularity of simplified, or "small" business taxes (KATA, KIVA) grows unabated, with thousands of engineers, computer programmers, hairdressers and lawyers opting for one or other of these schemes.... 

Can final NAV decisions be re-contested?

May 31, 2018, 10:31 am
Due to a seemingly trivial error, a series of NAV decisions are being overturned in court: a good many of them don’t contain the proper signature. This procedural error, however, could be useful... 

Sometimes less is more

April 3, 2018, 10:01 am
Our traditional survey again looks at how many types of taxes there are in Hungary. The number of Hungarian taxes has fallen by one again this year, so we’ve counted 58 this time. The decrease, however... 

Festival Atmosphere in Budapest in April 2018

March 23, 2018, 12:12 pm
For the first time since 2013 Budapest will be organizing the Division 1/A World Championships this year. The Hungarian Ice Hockey Federation has demonstrated many times before, that they can organise... 

NAV is coming

March 14, 2018, 4:10 pm
Since the start of the year there have been new laws in place regulating tax audits and tax lawsuits. The stakes are pretty high: the National Tax and Customs Administration (NAV) conducts almost 30,000... 

What kind of apartments do foreigners look for in Budapest?

March 5, 2018, 10:30 am
There is no question that Budapest's property market is in a dual position: it is not only a top destination for locals to rent or buy apartments, but they also need to share the market with international... 

Bitcoin: not black, not white

February 26, 2018, 9:58 am
While more and more people all around the world are being bitten by the bitcoin bug, tax authorities are subjecting transactions executed with the cryptocurrency to ever closer scrutiny. Meanwhile, it... 

"I may be gone for some time"

February 5, 2018, 4:03 pm
- tax implications of moving abroad. Numerous tax advantages can be gained if someone switches to being subject to the tax laws of another country (i.e. changes his tax residency). Although the country... 

To be continued?

January 17, 2018, 10:28 am
While efforts to hunt down offshore companies may appear to be yielding results, there’s been no slackening of demand for setting up companies abroad. However, tax avoidance and tax evasion, as the... 

New Offices are Coming Next Year - These are Your Options Now

December 20, 2017, 9:00 am
The construction of new office buildings and Budapest’s soaring office market is a popular topic these days. However, companies looking for an office in Budapest face a serious challenge. The... 

How to win a tax lawsuit...

December 8, 2017, 10:30 am
Winning a tax lawsuit is a difficult and lengthy process, and often there are no guarantees of victory even when you’re totally confident that you correctly accounted for every transaction. So it’s... 

What Property Investors Need to Know About Budapest Now

November 28, 2017, 3:20 pm
Budapest's real estate market remains popular. Not only are new investors enjoying a favourable conditions, but Landlords who purchased their properties before 2008 as well. If you are well aware of the... 

VAT on public-purpose investments: property developers can breathe a sigh of relief

October 3, 2017, 2:17 pm
In 2009 the Supreme Court made it clear that the VAT on public-purpose investments related to property developments is deductible if it would not be possible to implement the development without such investment.... 
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