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Home Locations Hungary

WTS in Hungary

Europe

Budapest
Budapest
WTS Klient Ltd.
Stefánia út 101-103
1143 Budapest
http://www.wtsklient.hu
+36 18 87 3711
zoltan.lambert@klient.hu

Our local partner firm in Hungary is WTS Klient.

By providing a comprehensive business consultancy service, WTS Klient brings international and Hungarian companies closer together. Thanks to our expertise, we even out the differences that arise from different ways of thinking. Our quality services provide vital and understandable data and information to allow clients to make their business decisions. We provide reliable and forward-looking advice.

The Klient Group was established in 1998. We are a reliable partner for our clients with many years of experience gathered on the Hungarian market. There is no better reference for the quality of our professional work than when one of our clients recommends our services to another company.

 

View news by WTS Klient here.

 

Local News

Main Contact
Zoltán Lambert
Partner
Hungary
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Employees working in a different country to that where the registered office of their employer is located raises several taxation issues.

Hungary: Expat employees working from home
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Hungary provided its taxpayers a four-month extension of their transfer pricing documentation and furthermore accepts a re-evaluation of the profit-loss model, due to the impact of COVID-19.

Hungary: Recent Hungarian developments in transfer pricing with a focus on impacts of COVID-19
read more

An insights on VAT purposes and compliances for non-residents in Hugary.

Hungary: VAT compliance basics for non-residents
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From 1 July 2020, data reporting at invoice level must cover each invoice issued on domestic transactions to taxpayers registered in Hungary regardless of the VAT amount of the invoice issued

Hungary: Most important changes to online invoice reporting
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Hungary Newsletter 2/2020
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Hungary introduced its online invoice reporting system on July 1, 2018 for invoices issued to another Hungarian taxpayer with a VAT amount reaching or exceeding HUF 100,000. More than a year has elapsed so it is worth taking a look at what the experiences with the system have been and what developments will follow.

Hungary: Online invoicing: experiences and version 2.0
read more

Significant changes in VAT regulations on intra-community transactions from 2020

Hungary: Verification of intra-community supplies
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Large-scale allocations still possible at the end of this year

Hungary: how the abolition of the corporate tax advance top-up obligation affects the support of spectator team sports
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Summary of the key changes that are also important for decision-makers

Hungary: 2019 autumn tax law amendments
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Amendment will be effective from 1 January 2020

Slovakia: Implementation of quick fixes and other changes to VAT
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What data should an invoice contain and when is it obligatory to report this to the Hungarian Tax and Customs Administration?

Hungary: Data content of invoices
read more

Pre-application and new electronic forms have been introduced

New formalities for refund and relief of Austrian WHT
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The review can be launched at the district government office, and is subject to a fee

Hungary: Employers initiating a review of incapacity to work
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Hungary: Summer VAT law amendments
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New rule in the VAT Act

Special tax reimbursement in Hungary
read more

What they entail in practice and what rules apply

Hungary: Electronic invoices
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Simplification conditions to become stricter from 1 January

Changes to call-off stock rules in Hungary
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Now only the local business tax base should be aligned with the corporate tax base

Three wishes regarding rationalisation of the Hungarian tax regime
read more

Who makes the decision and what conditions need to be met?

Hungary: Repurchasing own shares or partnership shares
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Effective as of 1 January 2019 a group taxation model for corporate income tax purposes has been introduced

Recent developments in Hungarian transfer pricing
read more

What do you need to pay if you are not insured?

Hungary: Health service contribution
read more

It is important to review and treat each posting individually

Hungary: Tax risks of foreign postings
read more

The Hungarian deadline at the end of May is drawing near

Hungary: Have you prepared your documentation in compliance with the new transfer pricing documentation decree?
read more

Sorainen Latvia collected the main conclusions

Cases and fines for violation of the General Data Protection Regulation
read more

Interest deduction limitation based on EBITDA instead of thin capitalisation

Hungary: Newsletter 15/2019 - New interest deduction limitation rules in Hungarian corporate taxation
read more

Summary of all the rules pertaining to losses that can currently be used

Hungary: Loss carry forwards
read more

Overview of changes

Most important changes to Hungarian VAT law
read more

Overview of what benefits and allowances parents are entitled to in 2019, and what compulsory or optional benefits companies may offer to their employees with children

Hungary: Newsletter 9/2019 - Family benefits in 2019 in Hungary
read more
Hungary: Newsletter 5/2019 - New amendments to regulation of innovation contribution from 2019
read more

Key cornerstones of a carve-out

Hungary: Newsletter 1/2019 – Carve-out, or separation of a business division
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The General Data Protection Regulation (GDPR) sets out obligations for controllers on keeping records of data processing activities

Hungary: Newsletter 49/2018 - Maintaining records of processing activities
read more

New reporting system seemed to be the most challenging amendment introduced in recent years

Hungary: Online invoice data reporting – first impressions
read more

Several new procedures have been introduced

Hungary: Electronic communication in taxation
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Changes in legislation in respect of corporate income tax will come into force on 1 January 2019

Hungary News: SAR, the Russian alternative to “offshores”
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100% advance an option if residential property not completed by end of 2019

Hungary: Newsletter 36/2018 - Property development
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Overview of  most frequently taxation situations of Hungarian employers in case of official foreign postings to EU Member States

Hungary: Newsletter 32/2018 - So how much do foreign postings cost?
read more

Centre of Competence Tax and Technology - Research centre of WTS and DFKI - developed 5 software types

Hungary: Newsletter 27/2018 - Artificial intelligence in taxation
read more

Transfer tax exemption in property sales in Hungary

Hungary: Newsletter 24/2018 – Property sale
read more

Overview of the main characteristics and some novelties of the new decree

Hungary: Brand new TP Decree
read more

Different methods for business valuations and where they can be used

Hungary: Newsletter 19/2018 – Guidelines on business valuations: what to evaluate, how and for whom?
read more

Expertise of WTS Global partner firms from 10 different countries

WTS CEE Tax Bridge #1 has been published: “Permanent establishment risk in Central and Eastern Europe”
read more

Judgment details which transactions VAT exemption must be applied for in the case of chain transactions, and whether incorrectly charged input VAT can be deducted

Hungary: Newsletter 17/2018 – Tax law judgment on chain transactions
read more

Basic principle: the laws of the country where the employee is in gainful employment must be applied

Hungary: Newsletter 14/2018 – Hungarian-Turkish social agreement
read more

New features in Act CL of 2017 on Rules of Taxation for the year 2018

Hungary: Newsletter 12/2018 – Reporting intention to perform a self-revision before tax inspections
read more

GDPR: Summary of the most important rules on checking email accounts used for business purposes, which also involves personal data management

Hungary: Newsletter 11/2018 – Checking email accounts
read more

Tasks related to accounting and taxation obligations are highly important - failure to meet these obligations can result in a default penalty from the authorities

Hungary: Newsletter 10/2018 – Tasks after company registration
read more

How to reclaim money from the NAV: the benefits of health fund membership

Hungary: Newsletter 7/2018 – Health fund membership
read more

Changes: mandatory joint documentation (master file & local file ) - subsequent correction of errors is now enabled

Hungary: Newsletter 6/2018 – New transfer pricing decree
read more

From July 2018: Invoices containing a high amount of VAT and issued to another registered taxpayer must be reported online

Hungary: Newsletter 5/2018 – New draft decree on live invoicing, or online data reporting
read more

What is the connection between the construction boom and the VAT on new apartments?

Hungary: Newsletter 4/2018 – VAT on new apartments
read more
Hungary: Live invoice reporting as of July 2018
read more

Tax authority is responsible for companies with international relations and obligations

Hungary: Newsletter January/2018 - The most important data reporting obligations to look out for at the start of the year
read more

Taxation rules pertaining to other benefits in the fringe benefit system have undergone favourable changes in Hungary

Hungary: Newsletter 3/2018 – Fringe benefit system in 2018
read more

The General Data Protection Regulation (GDPR) of the EU shall be mandatory and directly applicable in all Member States, including Hungary, from 25 May 2018

Hungary: Newsletter 2/2018 – Management of personal data prior to employment
read more

Look at the major tax changes for 2018 and considering what this year has in stall for your business

Hungary: Newsflash - 2018 tax law amendments
read more

Strategic, tax, legal and accounting aspects of a comprehensive tax inspection

Hungary: Tax Bridge 4/2017 – Comprehensive tax inspection in Hungary
read more

Increasing administration when deducting input VAT 

Hungary: Newsletter 50/2017 – Change in deducting input VAT
read more

View report

Hungary: Tax Strategy Day 2018
read more
Hungary: Newsletter 49/2017 – Deductions from wages
read more

Service provider obligation to forward data in respect of beneficial owner information

Hungary: Newsletter 48/2017 – New obligation to forward data
read more

With the help of the tax strategy proposals, the investment mood would improve, the economy and consumption would grow, and this would lead to a rise in tax and contribution revenues.

Hungary: Newsletter 47/2017 – Tax strategy proposal
read more
Hungary: Newsletter 46/2017 - Year-end stock-taking!
read more
Hungary: Newsletter 45/2017 – Taxation of transformations
read more
Hungary: Newsletter 44/2017 - Judgement on leasing VAT
read more
Hungary: Newsletter 43/2017 – Changes to the Act on the Environmental Product Fee
read more
Hungary: Newsletter 42/2017 - Business gate registration with authorisation
read more
Hungary: Tax Bridge 3 – Employment of foreigners in Hungary
read more
Hungary Newsletter 41/2017 – New transfer pricing decree
read more
Hungary: Newsletter 40/2017 - The 2nd national tax consultation
read more
Hungary: Newsletter 39/2017 - The predictability of taxation policy
read more

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