Corporations may face some trouble with approved but unpaid dividends. If they revoke the general meeting resolution which approved the dividend the proprietors can decide by releasing the dividend. See on the following how this affects taxation:
Regarding the corporate tax and dividend law (year 1996, LXXXI law 29/Q. § (3) paragraph) the ammount of unpaid released dividend, accounted as... »
Hírek
January 30, 2018
In 2018 six Saturdays will be working-days. Practice shows that many of the employers either allow employees leave office earlier or do not even request them to go to work at the weekend. However employers can decide to allocate vacation time to Saturdays being working-days and in this case employers have no other choice but to accept it unless their labor contract specifies otherwise.
How is... »
January 16, 2018
The Government Decree no. 455/2017. (XII.27.) entered into force on the 27 of December, 2017 grants pre-emptive rights in favour of the Hungarian State in respect of some ten thousand real estates located at world heritage sites.
How do you know where these sites are? What does it even mean that the State has a pre-emptive right on the real estates listed on 1824 pages in the annex to the... »
January 10, 2018
Registration of bank accounts held abroad
All companies must register number of bank accounts held abroad together with name of Bank and date of opening and closing bank account within 15 days from 1st January 2018. If the Company fails to do this registration the fine could be maximum 600k HUF.
Rent a flat
From 1st January there is no 14% health contribution liability for those private... »
January 10, 2018
When selling digital currency, we must check if this generates profit or loss. In case of companies this should be shown as financial income or expenditure. In case of individuals even the fund of cryptocurrency is taxable.
In order to obtain Bitcoin one method is the „Bitcoin Mining”. The kernel of this is that the individual can obtain money through the use of a software. Currently the value... »
January 05, 2018
There is only 2 years left to reclaim VAT without self revision.
There was a change in section 153/A par. (1) of Law on VAT 2007. CXXVII. in 2016. Before this change the Companies could reclaim VAT without self revision within 5 years. Due to change in 2016 this period has been decreased to 2 years.
So this means that VAT reclaimable with performance date in 2016 could be deducted latest in... »