On 24 July 2023, the so-called Complaints Act came into force, which covers a wide range of employers, so we have gathered the most important questions and details about the so-called whistleblowing system. The new law repealed the ‘old’ law, which was Act CLXV of 2013 on Complaints and Public Interest Disclosures. The new Complaints […]
Many of the changes came into force on 1 January 2023, so we had relatively little time to familiarise ourselves with and interpret them. We have compiled the most important details of the changes in this article. For those who would like to look at the amendments in more detail, we recommend that you consult the relevant issue of the Hungarian Gazette, which can be accessed by clicking here. At each point you will find links to our previous articles to ensure that everything you need to know about taxation is in one place.
The mandatory minimum wage for full-time employees from January 1st of 2023. The minimum wage from the January 1st of 2023 HUF 232 000 for monthly wages Guaranteed minimum wage for an employee in a job requiring at least secondary education or training HUF 296 400 for monthly wages Beginning from January 1st of 2023. […]
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 […]
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. […]
The New Civil Code (Act 5, 2013) was published in the 31st edition of the Hungarian Official Gazette, which will come into force on 15th of March, 2014 and determines properly the concept of the registered address of the companies. The legal entity does not have to continue its operations at the registered address in […]
The third-party guarantee and the assumption of debt Continuing our legal thoughts on taxation, we take a look at the rules related to tax debt. We proceed as usual; which means first of all we clarify the concepts and later we put these concepts into a system to make them more transparent and understandable. The […]
Today, we will talk about the conditions under which a taxpayer must pay a late payment fee; as well as when the tax authority must pay default interest. You have read it right; it means that there are also cases when the tax authority pays the taxpayer. We are going to take a look at […]
Eventhough the increasing Hungarian property prices more and more private foreign investor buy luxury and commericial real estates in Hungary. Becuase of the relatively good ROI and devaluated Hungarian Forint. Find more information about the most efficient trust and corporate structures for real estate investment in Hungary. The private investors have to pay 15% personal […]
