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Stricter wealth accumulation audits underway

The wealth accumulation audits expected this year are guaranteed to make you sweat as the legal amendments introduced narrow down defence options available for audited individuals substantially while making the job of tax inspectors much more easily.

Technology, productivity and economic growth; where does the west go from here?

Further interim tax changes coming

Pursuant to the proposed legislation accepted by the Parliament on 8 April 2013, the rules of several tax types will be altered again. In the current issue of our newsletter we report to you on these changes.

Labour inspection nightmare?!

Due to the entry into force of the new Labour Code, the simultaneous modification of certain other (e.g. tax, social security) regulations became necessary also. Certain provisions of Act LXXV of 1996 on Labour Inspection were amended with effect of 1 July 2012. In this newsletter we give you an overview of the most important rules of the Labour Inspection Act in effect and...

Itemized domestic VAT return: only three months left to prepare!

An obligation to supply more detailed data and extended data content - this is what awaits Hungarian companies in VAT return filing from the beginning of next year. In June 2012, the Parliament accepted the amendment relating to the itemized tax returns, which will enter into force on 1 January 2013. Companies have three months left to prepare for the implementation of the new...

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