In one of our previous articles, we already talked about abbreviations such as AML, PMT, UBO, PEP, CCD, or KYC, and we also talked about the FCPA. How many and how many abbreviations. If we want to see the whole picture, we cannot leave FATCA out of the list either. Our topic today is the […]
Today, we are going to deal with early-stage businesses, i.e., startups. Our examination aspect is one of the decreasing items used when determining the tax base, i.e., that which decrease the earnings before taxes. We will look at the most important detailed rules regarding, for example, when a business is considered an early-stage business, who […]
Did you go to a lawyer, a bank, an accounting firm, or perhaps you created a fiduciary asset management legal relationship and had to sign all kinds of identification documents and provide a lot of data? Today, we will find out the most important concepts used in this case. Let us look at what is […]
During our previous posts; we looked at the issue of corporate tax in some form. We talked about the global minimum tax; according to which large companies operating in the EU would be taxed with a global minimum effective tax rate of 15%. We also looked at foreign controlled companies; where the concept of a […]
In our blog post today, we will talk about penalties and related concepts. There are lots of expressions in this field that we come across in everyday life, and in the worst-case scenario, we are even the “victims” of a tax penalty, but it is not easy to recognize ourselves among so many legal references. […]
On December 22, 2021, the European Commission presented a key initiative against shell companies, which are created for tax avoidance purposes. The Unshell proposal is intended to ensure that legal entities which provide neither a real product nor an actual service to customers in the European Union cannot benefit from tax benefits and […]
The digitalization, and the financial technologies, – the so-called area of FinTech (Financial Technology) – enable us to make financial matters easier and easier to use in our everyday lives. With this level of digitalization, there is still a need to regulate cash payments for the sake of transparency. In today’s post, we talk about […]
Previously, we reviewed the details of the company car tax rules. We wrote about the tax in a separate post, as the regulation is quite substantial and was amended in July, so it deserved due attention. In the following, we review the rest of the (tax) burdens of buying a company car. Vehicle tax […]
In the past few days, five EU member states have indicated that – with or without Hungary – they will apply the provisions of the global minimum tax. The blog post below gives a general overview of exactly what this global minimum tax is and looks at what the debate is about. First of all, […]
The past few days we talked about the taxpayer classification a lot. We had a look on the classification and saw the advantages of being a reliable taxpayer. Today, we continue this theme because where is reliable taxpayer, there is of course risky taxpayer. So, today’s article is about the risky taxpayer. First of all, […]
