One of the key questions buyers and sellers face in every M&A transaction is the related tax implications. The tax consequences of M&A transactions vary considerably depending on the structure of the deal and the flexibility of the parties.

On July 8, 2022, the U.S. Government notified to terminate the USA-Hungary tax treaty. The termination occurred 6 months after diplomatic notification of it, on January 8, 2023.

In intra-EU supplies of goods, transactions often involve participants acting as both sellers and purchasers in the same transaction, while the product concerned is delivered only once, directly from the first seller to the last buyer.

Starting in 2025, Hungary's tax authority will introduce a new administrative audit process called the data reconciliation procedure.

In today's world, pensioners are geographically mobile, so some of the luckier pensioners can spend most of the year even in warmer climates. However, the question may arise: in which country are their income taxed?

The global minimum tax (Pillar Two / GloBE) ensures that large multinational enterprise groups and large domestic groups are taxed at an effective rate of at least 15% in every jurisdiction where they operate.

Hungary has recently found itself in a precarious position within the global tax landscape.

Although the Hungarian personal income tax (PIT) filing deadline of May 20, 2025 has already passed, this milestone should not be seen as the end of the tax season—especially for expats living and working in Hungary.

The VAT Gap, which illustrates the variance between expected and actual VAT revenues, serves as a barometer for measuring the effectiveness of VAT enforcement and compliance.

Hungary’s proposed National Asset Recovery and Asset Protection Office may increase scrutiny of public funds, state aid, EU grants, transfer pricing and tax documentation. Learn what foreign-owned businesses should review now.

The U.S. government announced on July 2022, 8, that it was terminating the 1979 International Treaty for the Avoidance of Double Taxation with Hungary.

Recently there were some changes in Hungary in the transfer pricing documentation obligations, which is applicable to the financial year of 2023.

In mid-March 2023, the international community was shaken by Russia's announcement of the termination of agreements related to double taxation avoidance with what it termed "unfriendly countries."

There are various tax benefits available in Hungary that foreign workers may not be fully aware of, yet these advantages can offer substantial financial relief to expatriate families over the years.

Value Added Tax (VAT) is a consumption tax levied on the sale of goods and services within the European Union (EU).

VAT grouping is an optional regime available under Hungarian tax law for domestically established affiliated companies. It enables the optimization of VAT payments within related enterprises.

Hungary's New Superweapon Against Inflation: Retailers Face Harsh Price Controls and VAT refund program is introduced for seniors.

Bejelentették: 60 milliárd forintos tőkeprogram indul Magyarországon 2024. szeptember 05. 11:05...

In a discreet but impactful regulatory shift, the Hungarian government has significantly expanded its pre-emption rights over transactions involving strategic domestic companies

The Global Minimum Tax (GMT) regime has officially entered its first practical compliance phase in Hungary. After months of uncertainty and preparation, the Hungarian Tax Authority (NAV) has now released the long awaited filing form, marking a critical milestone for multinational groups subject to the rules