Newsletters

SME INFO Nr.2024-1 Hungary – Looking back at the Community directives adopted in previous years, it can be said that companies, established in the EU, increasingly face with harmonised reporting obligations across Member States. Several such reports have already been introduced in Hungary, such as the Country-by-Country (CbC) report to be submitted to the tax authority or the report on payments to governments to be published together with the annual accounts. In this publication, we review the latest corporate tax information reporting requirements, applicable for the first time for the financial year, starting on or after 22 June 2024.

SME QUICK INFO Nr.Q2024-01 –The amendment Social Contribution Tax will affects the preconditions and the period of application of the social contribution tax allowance for employees who are considered to be entrants to the labour market.

Registration is compulsory from 1 July 2024 for all employees with Agreement to work (ATW) as well as for all employers who have only employees with ATW.

SME INFO CZ Nr.2024-1 – From January 2024, amendments to the VAT and Income Tax Acts will come into force. The changes are part of government’s consolidation package, and concern, in addition to tax rates, the tax deductibility of certain expenses.

SME INFO CZ Nr.2023-04-2 – We supplement previously published information on legislative changes with impact on payroll from January 2024 especially in areas of minimum salary, social insurance and meal vouchers.

SME INFO Nr.2023-8 Hungary – With the announcement of the Global Minimum Tax Act on 30 November 2023, the EU GloBE Directive 2022/2523 has been introduced into the Hungarian law system, with an entry into force date of 31 December 2023. In this newsletter we provide a framework for the Hungarian legislation, highlight the most important deadlines, present the operating mechanism