Minimum gross wage changes effective from 01.02.2021

Minimum gross wage changes effective from 01.02.2021 Minimum gross wage changes effective from 01.02.2021 2021/20. Government Decree on determining minimum gross wages for 2021 was published on 28 January 2021 in the Hungarian Journal.   The following table shows the changes for minimum wage per month (in HUF): 01.01.2020-31.01.2021 01.02.2021-31.12. Minimum gross wage 161.000 Ft […]

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Changes on KATA 2021

Changes on KATA 2021 Changes on KATA (Itemized Tax of Small Taxpayer Enterprises) 2021 Act CXLVII of 2012 on Itemized Tax of Small Taxpayer Enterprises (“KATA”) and Small Company Tax (“KIVA”) has major changes effective from January 1, 2021 regarding the tax rate and the rules of procedure for KATA: From 2021 onwards one natural […]

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Changes on local business tax 2021.01

Changes on local business tax 2021.01. Temporary tax relief on Local Business tax for 2021   639/2020 and 640/2020 government decree (published on December 22, 2020) -in order to mitigate the adverse impact of the COVID-19 pandemic on national economy- make the possibility of applying 1% tax rate for local business tax for 2021 where […]

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Online Invoice from January 01. 2021.

Online Invoice from January 01. 2021.   Changes in Online invoice data reporting from January 1, 2021   From July 1, 2020 all outgoing invoices – issued for a domestic tax payer and the location of the fulfilment is Hungary – shall be reported to the Tax Authority.   From January 1, 2021 the reporting […]

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Changes of taxation and reporting deadlines 2020

Changes of taxation and reporting deadlines 2020. Changes in taxation and reporting deadlines, further reliefs – 2020 (Government Decree 140/2020. (April 21.))   Deadline of submission of the statutory financial statements prepared according to the Hungarian Law on Accounting is postponed to September 30, in the cases when the original deadline fell into the period […]

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Newsletter on tax reliefs due COVID-19

Newsletter on tax reliefs due COVID-19   Dear Clients,   The Government of Hungary has announced tax reliefs in order to mitigate the effects of the COVID 19 pandemic in several industries. Businesses in the sectors concerned (tourism, accommodation, entertainment, gambling, film-related services, art activities, trade fair and sport activities) have the following tax reliefs: […]

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Online Invoice 2.0 update

Online Invoice 2.0 update   It will not be obligatory to use the Version 2.0 XSD from 1 st April 2020 Taking into consideration the special circumstances caused by the Coronavirus pandemia and in line with governmental measures and proposals to slow the spread of the pandemic, the National Tax and Customs Administration will not […]

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Online Invoice 2.0

Online Invoice 2.0 Changes in Online invoice data reporting from July 1, 2020 We would like to inform you of the changes in the online invoice data reporting system started on July 1, 2018: previously all the outgoing invoices where the VAT amount was higher than HUF 100,000 had to be reported online to the […]

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Minimum gross wage 01.01.2020

Minimum gross wage 01.01.2020 Minimum gross wage changes effective from 01.01.2020 2019/367. Government Decree on determining minimum gross wages for 2020 was published on 30 December 2019 in the Hungarian Journal. The following table shows the changes for minimum wage per month (in HUF): 2019 2020 Minimum gross wage 149.000 161.000 Guaranteed minimum wage* 195.000 […]

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Ferbal newsletter November 2019

Dear Clients, We would like to inform you about the changes in the tax top-up obligations as at 20 December 2019. Due to amendments in tax laws the top-up of corporate income tax and innovation contribution by 20th December is no longer obligatory, however it is still optional for year 2019 already. Opting in for […]

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