Newsletters

SME INFO Nr.2023-7 Hungary –  In this newsletter we summarise the tax consequences of the termination of the Convention between the Government of Hungary and USA for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, and present the tax measures introduced by the Hungarian government.

SME INFO Nr.2023-6 Hungary  – This booklet covers the „classic” payroll-related changes of ‘The Autumn Tax Package 2023’. The most important ones are the quarterly deadline of tax assessment for “benefits in kind”, special tax relief for acquisition of shares in start-up companies,  increase in the minimum wage and the guaranteed minimum wage effective from December 1, and the introduction of a new employment certificate.

SME INFO Nr.2023-5 Hungary  – The 2024 changes to the Act on Accounting in Hungary contain substantive provisions for the incorporation of the global minimum tax into the domestic legal system, as well as the deposit return system (DRS) to be introduced from 2024. As an important change, the conceptual definitions and accounting calculations related to the deferred tax known from international accounting appear, and the accounting steps of the actors of the deposit return system are defined in connection with certain parts of the process.

SME INFO Nr.2023-4 Hungary –  The Autumn Tax Package 2023 brought significant changes in many aspects. In order to help the structured information flow we have classified the changes and release more INFOs.

This booklet covers the „classic” tax related changes and as usual our goal is, instead of issuing a comprehensive summary, to focus on the changes we consider significant.

SME INFO CZ Nr.2023-04 – Several amendments of legislation affecting payroll come into effect from January 2024. Changes deriving from government savings package relate among other to tax progression, employee benefits, tax benefits and social security contributions.

The tax and accounting changes adopted in the Summer of 2023 may be divided into two categories: (1). Actual changes and modifications, including significant ones such as those affecting trust asset management. (2)  Permanent implementation of measures that were previously temporarily introduced at government decree level – mostly during the time of the Ukrainian war crisis. These types of technical modifications are marked in italics, drawing attention to the fact that these are already existing regulations. The presentation of changes is not comprehensive, as we publish only those changes that we consider to be important.