According to an amendment to the Hungarian Corporate Income Tax Act approved in July 2018, taxpayers may be eligible for higher tax allowance in connection with an investment project...

The most common types of companies in Hungary are KFT (Limited Company) and ZRT (Private Limited Company).

A new decree was issued by the Ministry for National Economy in October 2017, introducing a three-level, standardized approach relating to the transfer pricing documentation ...

According to the announcement of the state secretary for tax matters issued in February 2019, the Hungarian Ministry of Finance is planning to introduce a new system.

As to the pending issue of the preferential VAT rate of 5% for new residential properties, finally the new tax laws approved by the Hungarian Parliament in November 2018 will remain...

On 15 December 2015, the Hungarian Parliament introduced a new act amending the VAT rates currently applied on newly constructed residential real estate.

On 15 January 2019 the Commission has kick-started the debate on reforming decision-making for areas of EU taxation policy

Glencore Agriculture Hungary Kft (Case C-189/18) concerned a case in which the Hungary-based taxpayer contested two decisions of the Hungarian tax authority denying a tax deduction on the basis that the taxpayer...

On the basis of current practice of the Hungarian tax authority, Hungarian taxpayers are not always able to recover value added tax they pay even the Court of Justice of the European Union had stated

Lawmakers in Hungary have approved the introduction of taxes on revenues from media advertisements, which could jump to 40% for the biggest broadcasters.

The rules on CFCs have been amended significantly.

The Ministry of Finance has published an EAS ruling dealing with the taxation of income received by an Austrian beneficiary from a Hungarian trust.

Based on the recently modified Hungarian VAT Act, in case of invoices issued in connection with transactions between resident taxpayers, the issuer of the invoice is obliged to report data...

The tax base of the group consists of the positive tax bases of its members.

One of the most important elements of the tax package adopted by the Hungarian Government on 13 November is to create the possibility of tax groupings for CIT purposes from 1 January 2019.

The Constitutional Court of Hungary made a decision in July 2017 that the provisions concerning the applicability of tax registration procedure do not infringe the principle of non-retroactivity.

On 13 February 2019 the Court of Justice of the European Union (CJEU) delivered a ruling in a Hungarian case concerning the application of the provisions on VAT.

The common value added tax (VAT) system plays an important role in Europe's Single Market. VAT is a major and growing source of revenue in the EU, raising over €1 trillion in 2015,

According to the bill on the new tax procedural rules entering into force on 1 January 2018, a tax number cannot be suspended by the tax authority any longer.

As of 1 July 2022, Hungary's already existing financial transaction tax has been extended to payment service provision, credit and loan provision, currency exchange and mediated currency...