Hírek

According to the latest changes, economic entities have to register their “contact point for electronic communication” to the Disposition Register. Companies may fulfil this obligation by registering this contact point for electronic communication to the company register.   The deadline for the registration is August 30, 2017. However, as the act mentions economic entities, the new rules... »

Here are some of the latest changes entering into effect in accordance with amendments of the Act on Public Procurement:   The Government Decree on the implementation of public procurement below thresholds was already adopted in December. However, only contracting authorities fall within the scope of the new law – against the original intentions of the legislator.   Rules on public... »

From January 18, 2017 you can easily block your debtor’s bank account located in the EU by applying for a “European Account Preservation Order”.   The proceedings have one pre-condition: the registered seat or the address of both the debtor and the creditor must be in the EU. The creditor has to prove that there is a risk that, without such a measure, the subsequent enforcement of his... »

From January 1, 2017 resident taxpayers’  tax number must be indicated on issued invoices provided  that the output tax in the invoice reaches or exceeds 100 000 HUF. According to the current legislation now this limit is 1 million HUF. Attention must be given to the temporary regulations: when the given invoice was issued in 2016 but the completion date is 2017 and the output tax... »

The amendment in the accounts of grants, typically in case of projects with final payment, is one of the most significant changes of the new accounting rules entered into effect last summer. Common feature of applications with final payment is that the income from the grant related to the incurring costs and expenses of the given fiscal year only appears in the following fiscal year since the... »

As of 2017 significant changes will be implemented in the Corporate Income Tax Act. These modifications and in addition, those important changes that came into force during 2016 newsletter are as follows: new definition of royalty had been implemented and the rules of the tax base modifying items had been modified (July 2016); transactions with the main purpose of gaining tax advantage... »