Archive: Hungary
Hungary: financial transaction levy and Robin Hood Tax may increase, if EU excessive deficit procedure continues
May 17, 2013. Tags: austerity, European Union, Hungary, Power&Utilities
The Minister for National Economy announced, on 10 May 2013, that Hungary may increase the financial transaction levy and the Robin Hood Tax, levied mainly …
Hungary submits tax package to Parliament [TAX ALERT]
April 11, 2013. Tags: duties, duty, Hungary, income tax
The Hungarian Government has submitted a small tax package to Parliament as a part of the bill on tax cooperation. The new bill on certain rules …
New opportunities for crossborder company migration [TAX ALERT]
April 10, 2013. Tags: CJEU, corporate migration, Hungary, tax law
On 12 July 2012, the Court of Justice of the European Union (CJEU) issued a ruling on the interpretation of freedom of establishment of companies, …
Hungary: tax authority raises objections against certain forms of debt-to-equity conversion
April 5, 2013. Tags: debt, Equity, Hungary
Debt-to-equity conversion is a frequently used technique in Hungary to restore equity in a tax-neutral way. One such technique is where the shareholder of a …
Hungary: OECD issues recommendations mirroring the concerns of EU institutions
February 22, 2013. Tags: European Union, Hungary, OECD
In its Going for Growth 2013 report (2013 Going for Growth: Reforming for a strong and balanced recovery) issued on 15 February 2013, the OECD …
European Commission issues a letter of formal notice to Hungary regarding its telecommunication tax – again
January 31, 2013. Tags: CJEU, European Commission, European Union, Hungary, telecommunications
On 24 January 2013, the European Commission (EC) decided to send a letter of formal notice to Hungary, which is the first stage of the …
Hungary: Significant changes to the green tax system
December 14, 2012. Tags: green tax, Hungary, tax exemption, tax law
Hungary implemented significant changes to its environmental taxation system, effective 1 January 2012. To help companies with their questions, we detail the implications for their business.
Hungary: Ministry submits amendments to the 2013 tax package
November 29, 2012. Tags: CFC, corporate tax, Hungary, tax credit
On 18 November 2012, the Ministry for National Economy submitted new amending proposals to the bill implementing the 2013 tax laws. The current amending provisions …
Hungary: National Tax and Customs Administration issues guidelines
November 21, 2012. Tags: customs and trade, Hungary, OCED, small business, tax administration
The National Tax and Customs Administration (NTCA) has recently published three guidelines on its website. The guides interpret the rules on the new Itemized Tax of …
Hungary: tax package for 2013 – presented
October 19, 2012. Tags: corporate tax, Hungary, income tax, social security, tax policy
On 12 October 2012, the Minister of National Economy submitted a bill introducing the 2013 tax package to the Parliament. The bill is designed to: Streamline …
Hungary: Ministry of National Economy announces new fiscal package
October 11, 2012. Tags: budget, emergency measure, Hungary, transaction tax, VAT
On 5 October 2012, a series of fiscal measures was announced to ensure that the budget deficit will stay below the required 3% of GDP …
European Union and Hungary – European Council authorizes Hungary to apply a derogation measure concerning application of reverse charge mechanism
October 2, 2012. Tags: Council of Europe, European Union, Hungary, tax policy
On 19 September 2012, the European Council published Implementing Decision No. 13419/12 authorizing Hungary to derogate from article 193 of the EU VAT Directive (2006/112). The …
Hungary: action plan to save workplaces initiated
July 9, 2012. Tags: corporate tax, Hungary, tax exemption, tax relief
On 2 July 2012, the Prime Minister announced in his speech before the Parliament that a new 10-point action plan (Plan) would be initiated to …
Hungary: telecommunication tax bill published
June 6, 2012. Tags: Hungary, tax law, telecommunications
On 30 May 2012, the bill introducing the new telecommunication tax was published in the Official Gazette.
Treaty between Denmark and Hungary approved by Denmark
June 6, 2012. Tags: capital tax, Denmark, Hungary, income tax, treaty
On 24 May 2012, the Danish Parliament approved the Denmark–Hungary Income Tax Treaty (2011). Once in force and effective, the new treaty will replace the Denmark–Hungary …
New Hungary-Taiwan income tax treaty enters into force
January 27, 2011. Tags: Hungary, income tax, News, Taiwan
The new Hungary-Taiwan income tax treaty (Treaty) entered into force on 29 December 2010. From the relatively few treaties Taiwan has concluded, most are with …
Hungarian government proposes to reduce corporate tax rate to 10%
October 22, 2010. Tags: Hungary, News
The Hungarian government submitted to parliament two tax bills, the provisions of which include the reduction of corporate and personal income taxes, as well as …
Loading ...