Obligations associated with the change of NACE
The NACE nomenclature classifying the activities of companies has changed from 2025. All companies have some tasks to do in connection with this change.
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You can find below our latest press releases, publications and tax newsflashes. If you speak Hungarian please visit our Hungarian site for more content.
The NACE nomenclature classifying the activities of companies has changed from 2025. All companies have some tasks to do in connection with this change.
Debrecen hosted the largest economic event in Eastern Hungary for the second time, attracting over 300 business participants. At PwC Hungary’s “Business Forum 2025” conference, the region’s most successful leaders were also recognized with awards.
On 13 March 2025, the Ministry of Foreign Affairs and Trade published the latest proposed amendment of Government Decree 210/2014 (VIII. 27.) (VIP cash subsidy regulation) for public consultation. Feedback is expected until 21 March 2025.
As of March 1, 2025, the conditions for assigning the right to deduct import VAT for indirect customs representatives will become significantly stricter.
Based on responses to PwC’s 14th Hungarian CEO Survey, the award was given to the CEO of Richer Gedeon Plc.
Seventy percent of Hungarian CEOs expect acceleration of the global economic growth; 60% of them made optimistic statements regarding the Hungarian economy but only 39% are confident about the growth of their companies.
Companies operating in the field of electricity and natural gas sales faced significant changes on the last day of 2024 regarding the introduction of mandatory electronic invoicing.
PwC Hungary has surveyed labour market preferences for the eighth time this year and presented the Most Attractive Employer of the Year awards
Domestic companies affected by the global minimum tax rules are subject to a notification obligation regarding the MNE group within 12 months from the start date of the tax year beginning in 2024 - by December 31, 2024, for calendar-year companies- as per the rules set forth in the Minimum Tax Act.
The Hungarian Tax Authorities (HTA) continue to prioritize the review of transfer pricing documentation. Tax inspectors strictly examine formal requirements and frequently impose default penalties for non-compliance. The review of transfer pricing data provision is also a major focus during tax audits.
E-commerce professionals to join ranks
Starting October 1, 2024, László Radványi will succeed Tamás Lőcsei as the new Country Managing Partner of PwC Hungary. Mr. Lőcsei will transition to overseeing key projects in Central and Eastern Europe (CEE) and driving local business development in Hungary.
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We hereby give our consent for the article (interview, statement of opinion, or other material) prepared by PwC Hungary and Réti, Várszegi & Partners PricewaterhouseCoopers Legal* to appear once, as previously agreed, in the publication specified by the Editors. Each subsequent publication or any other use requires separate permission granted solely for that occasion. If any changes are made to a document we have prepared, we reserve the right to review such changes before we approve publication.
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We also give our consent to publishing a photo of the author to accompany the article. All other uses require separate permission.
* PricewaterhouseCoopers Könyvvizsgáló Kft.; PricewaterhouseCoopers Magyarország Kft.; Réti, Várszegi & Partners Law Firm
