News

In the current newsletter, we would like to sum up the statutory allowances, and the relating thresholds that can be given to private persons in 2012 and the related charges applicable to employers.

 Fringe benefits 2012.pdf (60.10 KB) 

Recently, the Parliament has passed the tax regulations entering into force as of year 2012. In our current newsletter we are giving you a summary in bullet points of the effective legal rules affected by changes.

 New tax regulations 2012.pdf (122.46 KB) 

We would like to inform you about a new form of corporate tax allowance (sponsoring so-called “spectacular team sports”), which can be claimed from this year on. In addition to the purpose set in the law, it means a real benefit to the companies or even more.

 New tax allowance in corporate tax.pdf (43.99 KB) 

In July 2011 the Hungarian Parliament accepted a new Act on Real Estate Investment
Trust (REIT) that entered into force directly after disclosure. Through the introduction of
REITs, the government expects primarily the appearance of new financial sources in the
real estate market in Hungary.

 New tax allowance-Regulated Real Estate Investment Trust.pdf (40.68 KB) 

Hereby we inform you about the judgement of the European Court of Justice (ECJ) dated 28 July 2011 condemning Hungary for a VAT refund practice breaching EU law.

  Hungary condemned by ECJ for VAT refund regulations.pdf (35.76 KB)

The Labour Code shall be amended in several respects as of 1 August 2011. From among these changes, please find a summary of the ones that might affect your Company in the following Newsletter.

 ABT Newsletter - Substantial changes in the Labour Code.pdf (99.30 KB) 

In this newsletter we would like to inform you on the new rules regarding value added taxation within the EU, entering into effect on the 1st of July.

 New VAT Implementing Regulation.pdf (45.92 KB) 

A new type of fringe benefit with reduced tax implications has been introduced this year, the Széchenyi Holiday Card.

 ABT Newsletter - Széchenyi Holiday Card.pdf (40.18 KB)

In our current Newsletter, we would like to inform you about the possibility and terms of changing functional currency of the bookkeeping to Euro.

 Currency of accounting.pdf (58.02 KB) 

In this newsletter we would like to inform you about the changes of the personal income tax regulations for year 2011 considered most important by us.

 Personal Income Tax regulations 2011.pdf (90.65 KB) 

In this newsletter we would like to inform you about the changes of the tax regulations for year 2011 considered most important by us. The new rules applicable from 2010 are indicated separately.

 Tax regulations 2011.pdf (92.46 KB) 

In this newsletter we would like to inform you on the experience gained during the control of reporting vocational training contribution items. The most frequent way of using the amount of vocational training contribution is for training the company’s employees. Please find below the most important regulations and our experience gained during controlling as well as our recommendations with regard to this issue.

 Vocational training contribution – controlling experience 2010 (54.85 KB) 

This year the Parliament has amended tax regulations several times, in the newsletter below we provide information on the most important changes.

 Interim changes to tax regulations (89.98 KB)

Hungary implements from January 1, 2010 the regulation of the Council Directive
2008/8/EC regarding the modification of the place of supply of services. European Union
ensures the harmonization of the laws relating to value added tax by the application of
the destination principle. According to the destination principle the transaction is taxable
where the products are actually consumed.

 The place of supply of services in VAT from 2010 (114.53 KB) 

In 2009 the Hungarian Parliament has changed the Hungarian tax and contribution
regulations several times. In our summary attached below we would like to inform you about
the most relevant changes of the Hungarian tax system.

 Tax Law changes in Hungary 2010 (172.68 KB) 

The Swiss-Hungarian Chamber of Commerce (HSU) organized a one-day long event on 17^th June 2009 in Zurich entitled “Hungary: Crises as a chance?” The conference aimed to inform the audience - that comprised of mainly businessmen from Switzerland and Hungary - about the current state of the Hungarian economy and also wished to initiate new relationships between the attending stakeholders.  

The program included a series of presentations held by management representatives of Swiss corporations with Hungarian operations as well as one by Mr. Zoltan Mester, State Secretary for Competitiveness from the Ministry for National Development and Economy and two by analysts representing Credit Suisse. The focus of the presentations were the opportunities that open by way of the economy crises – governmental incentives, available workforce etc. – at the same time the schedule of the event provided ample time for the audience to mingle and talk.

A report and a video of the event are now available through the following link.

ABT Hungária Tanácsadó Kft. with the help of its skilled, experienced and multilingual staff has now
added the new service package of call monitoring, grant consultancy, grant writing and grant
project management to complement its existing services.

 Grant consultancy (57.71 KB)