Newsletters

Czechia was one of the first CEE countries to implement digital communication between authorities and businesses. In present newsletter we give a short intro about the changes coming into effect in two steps, on 1 January 1 2022 and 2023.

The purpose of SME INFO HU 2021-08 newsletter (available both in English and Hungarian) is to review Act XLIII of 2021 on “The Establishment and Operation of the Data Reporting Background for the Identification Tasks of Financial and Other Service Providers”, and to explain the concept of ultimate beneficial ownership and what our responsibilities are as an accounting and registered office service provider in relation to the new register and how it will affect our Clients.

The purpose of SME INFO HU 2021-07 (available both in English and Hungarian) is to provide general information and to draw the attention to the current changes in Tax Package of Spring and Summer 2021 which we believe to be important for the business operation in Hungary.

The new rules applicable to e-commerce activities will enter into force on 1 July 2021. The goal of the change is making the VAT declarations more effective and simplifying VAT administration.

Last minute tax law amendments introduce significant changes to the personal income taxes from 1 January 2021. The three most important ones are: abolition of the ’super gross’ system for calculating income tax base, implementation of 2nd tax rate of 23% for high incomes and an increase of the basic tax credit.

The 2020 Autumn Tax Package made many smaller and bigger amendments and clarifications in respect of various taxes. Our SME INFO Nr.2020-20 brochure summarizes the changes we consider important.