Hírek

On November 8, The Parliament started to discuss the latest government proposal regarding the extensive amendment of the Act on Public Procurement adopted at the end of 2015. The majority of the new rules will enter into effect on January 1, 2017 according to the bill. The amendment would radically transform the rules of public procurements under EU thresholds. One of the most significant... »

This autumn’s tax package was submitted to the Parliament last week, registered under T/12741, containing amendments in all the relevant tax rules in Hungary. Here are some of the most remarkable changes: In case of the Fixed-Rate Tax of Low Tax-Bracket Enterprises (in Hungarian: KATA) the HUF 6 million income threshold will be increased to HUF 12 million and in line with this individual... »

As of 13 October, 2016 modifications had been implemented in the EKAER decree. According to the new rules even if the total weight of vehicle non-subject to toll payment after load-in reaches 3,5 tons, EKAER reporting is only necessary if the gross weight of the non-risky goods exceed 2 500 kg or the total value of the non-risky goods without tax exceeds HUF 5 million. Further change is that... »

A so called simple notification is enough to begin the construction of a new residential building having a total useful floor area of a maximum of 300 sq.m. i.e. no building permit needs to be obtained. The lack of the authority’s preliminary inspection simplifies the procedure of the construction; however it may cause complications afterwards. The building authority’s subsequent inspection... »

Ecovis Hungary Legal senior partner Dr Gabor B Szabo’s article on Hungarian trusts was published in the issue of August 2016 of Offshore Investment Magazine which is one of the leading professional journals in the international tax planning industry. The expert’s article on trusts was written primarily for the international professionals, however it explains the legal instrument introduced by the... »

The tax authority published on its EKAER website an interpretation about the EKAER number requirement for the public road transit with vehicles over 3,5 tons which are not subject to paying usage-proportional road toll. Summary of the authority in Hungarian is available here. If you are interested in the above topic please contact our experts at Ecovis Tax Solution who would be entirely at... »