The amendment to the Act on the Prevention and Combating of Money Laundering and Terrorist Financing (hereinafter referred to as the Anti-Money Laundering Act), in line with the EU anti-money laundering rules, prescribes a reporting obligation of beneficial owner(s). More about us
Each year, the National Tax and Customs Administration of Hungary (NAV) publishes its inspection plans for that year. Below we take account of the businesses and activities that are to be in the focus this year. More about us
This summer, the Parliament passed an amendment to the Act on the Fixed-Rate Tax of Low Tax-Bracket Enterprises (kata), under which from 1 January 2021, the legislature will significantly tighten the rules on low-tax bracket, which will affect not only those choose this tax, but also their partners. More about us
The invoice data reporting obligation was introduced in Hungary on 1 July 2018 and the range of invoices subject to reporting was gradually expanded. From 1 January 2021, all invoices will be subject to the reporting obligation. More about us
The proposals will not come as a surprise this year, but there will be changes that many will notice due to the growing popularity of e-commerce. The most notable changes are expected in the value added tax and the business tax. More about us
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