Hírek

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... »

The Hungarian Government‘s recent plan is to link the invoicing of the companies to the NTCA from July 1, 2017. According to the bill the taxpayers will provide data directly to the NTCA of any invoices issued by their accounting software where the VAT reaches or exceeds HUF 100,000. Providing data to the NTCA would take place automatically and electronically as the invoice is issued ensuring... »

The tax authority published on its website an interpretation about how to understand the concept of useful floor area in case of applying the discount (5%) tax rate during the purchase of specified real estates.   Full text of interpretation 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... »