The autumn 2020 tax package is before Parliament
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The autumn 2020 tax package is before Parliament
On 13 October 2020 the Government submitted the autumn tax bill to the Parliament. The bill affects almost all Hungarian tax laws; following the final vote of the Parliament, we will also inform our clients in detail about the adopted changes.
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Business activities of foreign companies in Hungary – applicable business and representation forms
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Business activities of foreign companies in Hungary – applicable business and representation forms
Foreign, EU and non-EU companies - depending on the purpose of their activity - can choose from several business forms if they would like to carry out their taxable activities in Hungary.
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Group taxpayer status in corporate income tax: an important deadline is approaching
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Group taxpayer status in corporate income tax: an important deadline is approaching
A group taxpayer status for corporate income tax purposes is a relatively new notion in the Hungarian tax system
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New services at VGD
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New services at VGD
VGD Hungary has opened this autumn season with new services and also the renewal of its previous ones, which we would like to present to you briefly in this post.
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Essentials of Doing Business in Hungary 2020
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Essentials of Doing Business in Hungary 2020
Fresh publication by VGD Hungary: Essentials of Doing Business in Hungary 2020
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The OECD’s Transfer Pricing Guidelines have been amended.  How to apply the arm’s length principle to financial transactions
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The OECD’s Transfer Pricing Guidelines have been amended. How to apply the arm’s length principle to financial transactions
As was already written in an earlier issue of our newsletter, in 2020 the OECD amended its Transfer Pricing Guidelines with guidance on the intra-group financial transactions.
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Change in the recognition of adult education costs
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Change in the recognition of adult education costs
From 1 September 2020, the Adult Education Act will change, thus new rules will apply to institutions organizing training-like courses, which will force the companies that invest in the education of their employees to reconsider training costs.
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Transfer pricing documentation prepared in a timely manner may be advantageous to a company
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Transfer pricing documentation prepared in a timely manner may be advantageous to a company
Many companies postpone preparation of transfer pricing documentation; however, it should be borne in mind that timely documenting of related party transactions may go beyond a simple compliance exercise.
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Two weeks left to reclaim the VAT paid in abroad
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Two weeks left to reclaim the VAT paid in abroad
Only until 30 September it is possible to reclaim VAT paid in abroad for the calendar year 2019.
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