From next year on it is only possible (recommended) to use billing software that complies with the new requirements and forwards the details of the issued invoices real-time to the tax authority. From January 2017 developers of billing software are required to incorporate this new function in their applications, and from the second half of […]
The prime minister of Hungary said the coporate tax will be 9% in Hungary for all corprate tax payer. The general corporate tax rate currently 19% and if the profit of is under HUF 500 million, the discounted rate is only 10%.
Source: Moody’s Global Credit Research – 04 Nov 2016 London, 04 November 2016 — Moody’s Investors Service, (“Moody’s”) has today upgraded Hungary’s long term issuer and senior unsecured government bond ratings by one notch to Baa3 from Ba1. The outlook on the rating is stable. The key drivers of the rating upgrade are: (1) The […]
www.itpa.org 16 December 2015, the European Parliament approved a resolution setting out the legal steps needed to improve corporate tax transparency, coordination and EU-wide policy convergence. The move to counter aggressive corporate tax planning and evasion by multinationals in Europe was triggered by the November 2014 “Luxleaks” revelations. The EU Commission will have to respond […]
According to the bill recently submitted to the Parliament about the proposed changes of the tax rules of Hungary from 2016, the non-resident online stores has to pay Environmental Product Tax in Hungary if the company has VAT registration in Hungary. The online stores and any distance selling companies have to be registered in the […]
In accordance with the new Civil Code 2013 of Hungary the mandatory minimum initial capital requirement was lifted for the KFTs (limited liability company) to 3 million HUF. The new Civil Code 2013 is effective from 15 March 2014, the fromerly registered KFTs have to satisfy the new capital requirement until 15th of March 2016. The provision in […]
Hungary Company Formation Survey – OI 2015
The European Commission adopted 80% of Hungary’s operational programmes for the 2014-2020 programming period in mid-February. The tender to support the expansion of SME’s production capacity will probably be published among the first ones in April, according to preliminary information with the following details. Title: EXPANSION OF PRODUCTION CAPACITY OF MICRO, SMALL AND MEDIUM SIZED ENTERPRISES, Goal: […]
Updated rules of company formation and operation according to the Civil Code of Hungary 2013 what replaced the Act on Business Associations 2006.
