Newsletters

SME Info Czechia 2025-1 – Increase of minimum wage – The minimum wage was increased by CZK 1,900 to CZK 20,800 from CZK 18,900 as of 1 January 2025. The hourly minimum wage is CZK 124.4 per hour.

SME INFO Nr.2024-6 Hungary – The Autumn Tax Package 2024 brought quite a lot of changes, both major and little. This publication focuses on changes in tax laws, not comprehensively, as usual, but highlighting topics we consider important.

PS SME Info Hu 2024-5: In this newsletter, two new standardized reporting obligations based on EU-adopted directives and standards, effective in Hungary from 1 January 2024 are reviewed: the ESG reporting and the sustainability report under the Act on Accounting.

PS SME Info Hu 2024-4:  In 2025 the amendments to the Act on Accounting do not contain any significant accounting changes, mainly some thresholds defining obligations or exemptions have been increased, and in addition, there are mainly additions and clarifications, including on the sustainability report and its audit. We also draw your attention the mandatory electronic invoicing and archiving of natural gas and electricity consumption, which will come into force from 1 January 2025 and will affect a wide range of businesses.

SME INFO Nr.2024-3 – In this newsletter on the current amendments to the Global Minimum Tax Act, we report on the two most important changes concerning the obligations of those subject to the global minimum tax, published in Gazette No. 119 on 28 November 2024, as part of the autumn tax package…

SME INFO Nr.2024-2 Hungary  –  This publication focuses on the changes in tax law affecting payroll, as well as on some labour changes. As usual, our goal is, instead of issuing a comprehensive summary, to focus on the changes we consider significant.