The Minister of National Economy has prohibited the acquisition of a Hungarian-owned dairy company by a foreign investor, the Ministry of National Economy (MNE) announced.

The future importance of customs and indirect taxes is increasingly evident due to recent shifts in U.S. policy.

The European Court of Justice (ECJ) has stepped in to address an issue that has long troubled foreign taxpayers seeking VAT refunds from Hungary.

Hungary offers one of the most favourable tax environments in the European Union for crypto-related businesses. With a flat corporate income...

Hungary has positioned itself as one of the most tax-friendly destinations for creative professionals and athletes through the Simplified Public Burden Contribution (EKHO), featuring an effective tax rate as low as 17%—the lowest in the OECD.

As the trend of remote work continues to rise, many professionals are choosing to live a more flexible lifestyle as digital nomads.

In a groundbreaking move, the Hungarian government has unveiled a 255-page legislative proposal aimed at a comprehensive overhaul of the country's immigration regulations.

Hungary is poised to introduce a groundbreaking legislative proposal that could reshape its economic landscape in 2024.

The rapid expansion of the digital economy has outpaced traditional tax systems, creating significant challenges for governments—especially in developing countries.

The global minimum tax is no longer a distant concept for multinational enterprises (MNEs) and large domestic corporate groups in Hungary.

As of January 1, 2024 a long-cherished dream of startup ventures is becoming a reality. Starting next year, these companies can grant ownership stakes to their employees and executives without incurring any tax liabilities.

In today's interconnected global economy, public finance reform projects have taken centre stage, with digitalization playing a crucial role in streamlining tax administration and enhancing tax compliance.

Hungary has become an increasingly popular destination for retirees looking to enjoy a high quality of life in the heart of Europe. With its rich culture, safe environment, and relatively low cost of living compared to Western Europe, the country offers an appealing combination of comfort and affordability.

Tax due diligence remains a critical element in M&A (mergers and acquisitions) transactions, serving as the foundation for risk identification and informed decision-making.

If tax issues are detected in companies with a higher turnover and employing many people going back several years, large sanctions can always be expected.

The Approved Employee Share Plan (AESP), as defined under Section 77/C of the Hungarian Personal Income Tax Act, is a securities-based incentive program designed to provide companies with a flexible and tax-efficient...

The recent opinion issued by the Advocate General of the European Court of Justice challenges a Hungarian tax rule that restricts foreign taxpayers from submitting additional...

Hungary, nestled in the heart of Europe, has long been a hub for business and trade.

In the complex landscape of international business, holding company structures offer a numerous of advantages, with tax efficiency standing out as a key benefit.

In the evolving landscape of talent management, Hungarian companies are increasingly turning to stock-based incentive plans to attract, motivate, and retain key employees.