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OSS and iOSS: new VAT registrations in Hungary
This is the third part of our series on the VAT registrations in Hungary. Hungary extends the OSS regime of the European Union to all…
VAT Registration of Foreign Companies
This is the second post about VAT registration in Hungary, discussing the issues of foreign companies. Why To Register To VAT? A foreign company might…
VAT Registration of Hungarian Companies
This is the first of two posts about VAT registration in Hungary. This article highlights basic aspects of VAT registration of Hungarian companies. Registration of…
Annual Reports in Hungary
The financial statements are often called annual reports in the business language. The accountants, however, prefer the name financial statements (FS). They include a lot…
No Excuse On Online Invoicing
As of April 1, the immediate, automatic transmission of invoices to the tax authorities is fully operational. Almost all the data of practically all issued…
VAT of bad debts
The lives of many companies are bitter with bad debts. In some cases, this can be fatal. And it is not enough that the legitimate…
Plan Your Labour Costs
Proper planning is a key of every successful business activity. While certain schemes are similar on various markets, labour costs and taxation are unique in…
Banking challenges in Hungary
Sometimes running a new company becomes a nightmare due to the lack of a bank account. In the absence of a bank account, it is…
Home office or remote work?
A vital question for more and more companies: how to organise remote work (telework), what are the key regulations and consequences? What is remote work?…