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... »
Hírek
August 30, 2016
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... »
August 25, 2016
The new Union Customs Code entered into force on October 30, 2013; however most of its substantive provisions apply from June 1, 2016. The UCC is the latest milestone in EU’s customs legislation giving a complex and directly applicable regulation involving new models and mechanism in several aspects of customs law. These areas particularly are customs public proceedings, representation in these... »
August 15, 2016
From 8 July, 2016 it is required to elect a health and safety representative not later than January 8, 2017 in workplaces where at least 20 workers are employed.
In workplaces where less than 20 workers are employed it is only required to elect a health and safety representative if it is initiated by the workplace’s trade union or shop steward or in the lack of these the majority of the... »
August 01, 2016
Having regard to these circumstances, we are happy to announce that the team of ECOVIS HUNGARY’s legal office will have a new member from August 1, 2016. Veronika Tolnainé Tóth is our new adviser specialized in customs law.
Her skills are unique in explanation of union and national customs legislation, optimize customs related economic firm flows, and she helps the work of lawyers in juridical... »
July 27, 2016
We are glad to announce that ECOVIS International is taking a big step forward to strengthen its presence on the US-American market by having signed an agreement with Marcum LLP, which will make them the exclusive associated partner of ECOVIS International for accounting, tax and audit in the United States of America.
Marcum LLP is one of the largest independent public... »