Hírek

If we wish to avoid unpleasant surprises in relation to our official summer vacation period, then we do have to be familiar with some important statutory provisions regarding the allocation of summer holidays: Many people are unaware that basically it is the employers’ discretion to allocate summer vacation. However, it is not completely up to the employers to decide about vacation time as... »

The state tax authority (NAV) has prepared around five million provisional personal income tax returns this year which function as a kind of recommendation. However, a provisional tax return is only a draft which is prepared on the basis of the data available in the registries of the NAV and which does not necessarily contain all the data you need to report. What could be those incomes and... »

Paper free Tax Authority The Hungarian Tax Athority – uniquely in EU – launched the paper-free tax audit successfully. This will result in significant cost and time savings to the enterpreneurs. Preliminary announcement on self revision We draw your attention to a new document (18ONELLB). With this document tax payer can announce the future self revision and within 15 days of... »

From 2018, the construction of solar power plants is expected to boom: According to the amendment of the act on the protection of land last year, and to the new measures entering into force this year, the use of poorer quality land for other purposes may be exempted provided that only low-power plants are built and operated thereon. The procedure has become considerably simpler, quicker and... »

Business mediation is a quick, cost-efficient and private way of dispute settlement and the success of which depends on the parties’ ability to reach consensus. The mediator of the dispute does not make a decision, but helps the parties by approximating their interests and goals.   This mutual and unique dispute resolution can replace in many cases the costly, complicated and lengthy... »

The Act on Fixed-rate Tax of Low Tax-bracket (a.k.a. KATA) provides an extremely favorable condition for taxation, however many misuse it: to reduce taxes, enterprises rather make independent contractor agreements falling under small business tax with their employees. This is clearly a disguise for employment. If the reported revenue exceeds HUF 1 million a year, the tax administration will... »