Tax & Legal Alert

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In order to be able to adapt to the new challenges brought about by the new tax laws, we issued Tax & Legal Alert, informing clients about the proposed major changes. The issues of the Tax & Legal Alert are available as an Adobe Acrobat (pdf) file.

2009 issues of Tax & Legal Alert:

EC reaches decision on intra-group interest taxation
Changes to the licensing rules on the distribution of certain excise goods
Minister of Finance Decree No 22/2009 (X. 16.) – Changes to record-keeping requirements concerning the determination of arm’s-length price
New legislation bars automatic resort to Budapest courts for contract disputes
Legislative changes from 2010 concerning advance tax rulings
Proposed amendments to the environmental protection product fee act
Changes affecting Advance Pricing Arrangements
The VAT treatment of discounts provided in kind
A summary of key proposed amendments affecting the real estate industry
Additional changes in the local tax rules
A summary of key proposed amendments affecting corporate tax
Proposed amendments to personal income tax legislation
Significant Changes to EC Social Security Regulations
VAT package - Refunds to foreign taxpayers
VAT Package - Reporting obligations
VAT Package - Place-of-supply rules for services
Providing a safety net for companies in difficulty – Changes in bankruptcy proceedings
Changes in deferred tax introduced bythe 2010 tax package
A summary of the most important amendments affecting corporate income tax
Changes affecting credit institutions and financial enterprises
Tax changes in the 2010 tax package affecting the real estate industry
Taxation of high-value property
Changes in the local business tax rules
Changes to tax-exempt benefits in 2010
Changes in personal income tax introduced by the 2010 tax package
Tax changes due to take effect from 2010
Amendments to labor law regulations
Less stringent conditions for obtaining an import VAT self-assessment licence
Cutting back the number of minor taxes
Planned amendments to the Accounting Act
Changes concerning credit institutions and financial enterprises
Advanced Pricing Arrangement
Taxation of property
Expected changes in local business tax: the state Tax Authority (APEH) will have more extensive rights
Expected changes to tax-exempt benefits in 2010
Tax changes effective from 2010 affecting the real estate industry
Measures to be instituted against tax havens
Changes in personal income tax introduced by the 2010 tax package
A summary of key proposed amendments
Limitations on the Unilateral Amendment of Bank Loan Agreements
Changes to the social security system
VAT refund (with interest) pertaining to state aid
Legislative changes concerning value added tax
The new tax package has been adopted
EORI – The Registration of Economic Operators for Customs Purposes
The Judgement of the European Court of Justice
New developments in the European Court of Justice case of reclaiming the VAT on state aid
Procedure for licensing activities for business sites to be simplified from 31 March 2009
New tax law changes
The Tax Authority’s directive on audits for 2009
Tax changes in 2009-2010
Default penalty for cash payments over HUF 250,000
Environmental protection product fee – the KT09 forms and completion guide
Modifications to the Hungarian VAT Act, effective from 1 February 2009
The conditions for obtaining an import VAT self-assessment licence are becoming more stringent
Reporting the new TEÁOR and activity codes to the Tax Authority
The amendment of the Act on Duties in connection with the sale and financial leasing of real estate