Shareholder Salary Adjustments… IR has released a Standard Practice Statement (“SPS”) with respect to the making of retrospective adjustments to salaries paid to shareholder employees. SPS 18/01 describes the various scenario’s under which IR may consider and agree to a section 113 request from a taxpayer, who is looking to amend (either up or down) […]
Any business entity that issues invoices with a VAT amount above HUF 100,000 (approx. EUR 320) to another entity VAT registered in Hungary will be required to report these invoices immediately to the Hungarian Tax Authority. Foreign businesses (registered for VAT in Hungary) are also subject to RITR. However, RITR is not applicable to B2C […]
Any business entity that issues invoices with a VAT amount above HUF 100,000 (approx. EUR 320) to another entity VAT registered in Hungary will be required to report these invoices immediately to the Hungarian Tax Authority. Foreign businesses (registered for VAT in Hungary) are also subject to RITR. However, RITR is not applicable to B2C […]
Any business entity that issues invoices with a VAT amount above HUF 100,000 (approx. EUR 320) to another entity VAT registered in Hungary will be required to report these invoices immediately to the Hungarian Tax Authority. Foreign businesses (registered for VAT in Hungary) are also subject to RITR. However, RITR is not applicable to B2C […]
An improvement or not…that is the question? IR has released QB 18/01, a QWBA on the issue, “Can a fit-out of an existing building be “improvements” for the purposes of s CB 11?” The question has significance for either those taxpayers in the business of erecting buildings on land who acquire land not for the […]
Pleas click here to view the “India Concept Paper on CbCR and Master File Compliance”
In Hungary, there are five different corporate forms that may serve for investors as a basis to carry out business activity in Hungary. All of these forms can exclusively be established and operated by foreign owners and management. All companies, legal entities and partnerships, are subject to corporation tax. Form of business associations Legal […]
In Hungary, there are five different corporate forms that may serve for investors as a basis to carry out business activity in Hungary. All of these forms can exclusively be established and operated by foreign owners and management. All companies, legal entities and partnerships, are subject to corporation tax. Form of business associations Legal […]
In Hungary, there are five different corporate forms that may serve for investors as a basis to carry out business activity in Hungary. All of these forms can exclusively be established and operated by foreign owners and management. All companies, legal entities and partnerships, are subject to corporation tax. Form of business associations Legal […]
The China Chopsticks Business Group is organising its annual dinner and networking cocktail on Wednesday 7 February 2018 at 18:00 at the Alvisse Parc Hotel (120 Route d’Echternach, L-1453 Luxembourg-Dommeldange). The event will feature a speech from guest Rupert Hoogewerf, Chairman and chief researcher of the Hurun Report, entitled “Tapping into China’s Entrepreneurship”. […]
IR Updates PPL Content on Website IR has recently updated its website with respect to paid parental leave (PPL) entitlements. From 1st April 2016, entitled persons can claim PPL for up to 18 weeks, in respect of children born, or in some cases coming into their care, post that date. The payments are treated as […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Angéla Szőke of RSM Hungary. Angéla has joined IR as our exclusiveTax (Private Client), Tax (Accountants) & Tax (Law) Members in Hungary . “The achievements of RSM Hungary, founded in 2001, confirm that the values and beliefs of the founders of the company stand […]