Newsletters

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.

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.