Process-Solutions-Hungary SME INFO Nr.2020-20: Accunting and tax changes

PS-Poland-new-managers_Agnieszka-Jagiello-and-Beata-Luczak

Tax Law changes from 2020

Personal income tax; Investments; Tax relief for mothers with at least 4 children; Allowances for special sport events; Social contribution tax; Training fund contribution; Value-added tax; Possible tax-base reduction in case of bad debt; Intra–community sales; Rules for call off stock; Special tax refund; Online invoicing; Corporate income tax; Top-up obligation; Group corporate taxation; Development tax benefit; Actions against tax avoidance; Support for sport facilities

Changes in taxation in Hungary have an impact on a wide range of taxes. Most of them will be effective as of 1st January, 2019. In this newsletter we provide a brief summary of the changes which we consider to be the most relevant

Balázs Urbán, FCCA, Senior Manager at Process Solutions Hungary

PS was invited to present to ACCA members at their recent ‘Business Breakfast’ events held in both Bratislava and Budapest.