Tax Archives - Page 2 of 3 - Illés&Németh Association of Lawyers

VAT on bad debts will be recoverable from next year in Hungary

by dr. Illés Ádám | Oct 21, 2019 | Tax

An amendment to tax law provisions as entering into effect from 1 January 2020 will make it possible also in Hungary to recover VAT paid on bad debts. We have collected the conditions of the recovering, so your company shall be able to get prepared. Regarding bad...

Recovering VAT of irrecoverable claims may change in the future?

by dr. Illés Ádám | Dec 19, 2018 | Adózás, Tax

The European Court’s recent verdict in the Enzo di Maura case may bring changes in connection with tax base correction in cases when the tax subject intends to reduce its taxbase due to non-payment of their customers. Enzo di Maura wished to reduce his VAT tax base...

Tax package 2019: cutting on fringe benefits, more advantageous SME taxes, increasing dividend tax and default penalty

by dr. Illés Ádám | Jul 27, 2018 | Tax

Next year all fringe benefits save for SZÉP card as well as many other tax-free allowances will be dissolved. Social and health-care contribution taxes will be aggregated which will cause an increase e.g. to the dividend tax, and from January the default penalty rate...

Real-time reporting on invoicing from July

by dr. Illés Ádám | May 30, 2018 | Tax

Enterprises will be obliged from 1st July, 2018 to notify the Tax Office on each invoice, issued to a domestic taxable person, with a VAT exceeding 100,000 HUF. In case of invoices issued electronically, the information has to be sent real-time to the Tax Office which...

Taxation of health insurance paid by employers

by dr. Illés Ádám | May 30, 2018 | Employment, Tax

The Tax Office in Hungary published an information notice on the taxation aspects of health screening tests covered by a health insurance provided as fringe benefit to the employees. According to the Act on Income Tax, health screening tests are considered as taxable...

Simplified voluntary winding up procedure will be available for all business associations in Hungary

by dr. Illés Ádám | May 29, 2018 | Corporate Law, Tax

Starting from 1st June 2018, not only general partnerships, limited partnerships and sole proprietorships but any company may opt for the simplified voluntary winding up procedure if the company is not subject to mandatory audit and if the process will be finished...

VAT on bad debts will be recoverable from next year in Hungary

Recovering VAT of irrecoverable claims may change in the future?

Real-time reporting on invoicing from July

Taxation of health insurance paid by employers

Simplified voluntary winding up procedure will be available for all business associations in Hungary

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