This year, individuals will have the opportunity to decide whether to pay the tax as per the general rule or to apply the new regulations.

The rate reduction to 10%, which came into effect from tax year 2022, further increased its popularity.

The main purpose of the amendments is to adapt the provisions of the VAT Directive as effectively as possible to the needs of modern times.

Taxpayers whose financial year is the same as the calendar year should submit their corporate tax returns by 31 May 2022.

#EUDiversityMonth

20 May which is the deadline for submitting the 2021 personal income tax returns is approaching. We would like to draw our clients' attention to some important information.

Taxpayers whose financial year is the same as the calendar year should submit their local business tax returns by 31 May 2022 on Form 2021HIPA (a separate return must be filed for the head office and each business establishment)

The Hungarian tax authority has published its audit plan for 2022, which as usual focuses on activities and taxpayers with a risk to fiscal revenue and on promoting voluntary compliance.

In today's newsletter, we continue our coverage of the European Court of Justice's VAT rulings of 7 April 2022.