EU membership has greatly changed international trade. Many new rules and regulations governing trade in- and outside the EU now apply in Hungary. On the one hand, this means new opportunities for reducing the cost of international trade; but on the other hand, non-compliance with these new rules means risks for companies in the areas of customs, excise and environmental tax.
How PwC Can Help You
To ensure that our clients involved in international trade gain benefits and avoid risks, PricewaterhouseCoopers has established a dedicated team specialising in these taxes. This group of professionals can provide you with all the help and advice you need on legislation and the correct application of customs and excise duties and tariffs. The Indirect Tax Team also provides assistance with environmental tax issues (environmental protection product fee, environmental load charge, energy tax). This group also deals with car registration tax and cultural tax issues.
As part of a global network PricewaterhouseCoopers Hungary is in an ideal position to provide you with all the latest regulations regarding international trade. Because these taxes have a direct bearing on your profit margins, it is essential that they are not only accurate, but also that you avoid any financial penalties. Whether you are involved with either importing or exporting, you will have access to a team of specialists who are there to ensure that you maximise your profit margins and streamline your administration.
Key services:
- Advice on planning for the implementation of various customs requirements;
- Ensuring the correct application of tariff classifications, customs valuations and origin rules;
- Advice on possible customs relief within the framework of investment incentives;
- Advice on any refunds or exemptions which may be available;
- Ensuring the correct application of excise duties;
- Full assistance with excise and customs duty registration, administration, compliance issues and post-importation control;
- Assistance with planning and implementing new strategies for maximising profits on the sale and distribution of goods;
- Assistance with analysing your business operations in order to minimise the costs and risks of international trade;
- Ensuring the correct application of environmental taxes;
- Assistance with environmental tax planning and exploring tax savings;
- Ensuring the correct application of car registration and cultural taxes with tax planning and savings;
- Assistance in any negotiations you may have with Customs and Excise departments or with the Ministry of Environmental Protection and Water Management and the Ministry of National Cultural Heritage.
