In 2015 Hungary introduced two special progressive taxes, i.e. the ‘food chain inspection fee' in order to cover the costs of sanitary inspections and the ‘healthcare contribution' to reduce the negative effects ...

The Hungarian government will double the rate of the transactions services tax introduced in July 2012 to 0.2% from 0.1 % from 1 January 2013, National Economy Minister György Matolcsy announced today when introducing the country’s new austerity package.

The finance ministers of the European Union Member States support the request of the Hungarian Government relating to the tax reduction and simplification for small enterprises.

Based on ECJ case, Hungarian taxpayers may have an opportunity to reclaim value added tax in case of bad debts.

New EU rules have been created to eliminate the main loopholes used in corporate tax avoidance, entered into force on 1 January 2019.

The discounted 5% VAT rate introduced in 2016 will be abolished as of 1 January 2020, meaning that the 27% VAT

A Kormány 2018. június 19-én nyújtotta be 2019-es adótörvény módosítási csomagját, amely több területen is jelentős változásokat irányoz elő.

The online audit system may be used only with electronic signature.

The Hungarian Parliament enacted the tax package for 2019 in July 2018, which contains, inter alia, a significant modification in the cafeteria allowances.

A fenti folyamatokat figyelembe véve nem csoda, hogy az Európai Bizottság 2018.

From January 2019 the VAT exemption threshold for individuals will be increased to HUF 12 million from the current limit of HUF 8 million. During the summer 2018 the Hungarian Parliament...

The Council adopted the anti-tax avoidance directive ("ATAD", Council Directive (EU) 2016/1164) in 2016.

Corporations often use loopholes to avoid paying taxes, by shifting profits to EU countries with lower taxes.

Under the Hungarian VAT Act, from 1 January 2016 instead of the general VAT tax rate of 27%, a reduced tax rate of 5% is applicable to the flats to be constructed or existing in a multi-unit residential building...

From 1 January 2020, the reduced tax rate of 5% applicable to the flats to be constructed or existing in a multi-unit residential building with a total net floor space not exceeding 150 square meters and to the...

The European Court of Justice (ECJ) found Hungary to be in breach of EU law by applying the reverse charge mechanism retroactively to staff supplies.

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

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