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Results: 1-10 of 41

Amnesty for offshore wealth is over is there any efficient way to tax it?

  • Schoenherr
  • -
  • Hungary
  • -
  • February 25 2013

The Hungarian government plans to tax and drive back to the country wealth held by Hungarians in foreign financial institutions. The government is set

Domestic VAT recap statements

  • CMS Cameron McKenna
  • -
  • Hungary
  • -
  • February 12 2013

From 1 January 2013, many VAT payers will have to submit a domestic VAT recapitulative statement with their VAT returns. The change could require

End of the special telecom tax and introduction of new public utility tax

  • CMS Cameron McKenna
  • -
  • Hungary
  • -
  • January 31 2013

A "special telecom tax" was introduced in October 2010 as a temporary budgetary measure, affecting the entire Hungarian telecom industry tax. The

New taxes on utility and energy sector no exemption for transmission operators

  • Schoenherr
  • -
  • Hungary
  • -
  • December 6 2012

As part of its efforts to keep its state budget deficit under 3 in 2013 and thus lead the European Union terminate its Excessive Deficit Procedure against Hungary, the Hungarian government has imposed a tax on the utility network lines

Hungary: new tax on public utility infrastructures

  • CMS Cameron McKenna
  • -
  • Hungary
  • -
  • November 26 2012

From 1 January 2013, there will be a new tax on public utility infrastructures

Extended austerity measures to further increase taxes levied on financial sector

  • Schoenherr
  • -
  • Hungary
  • -
  • October 17 2012

The Hungarian government will double the rate of the transactions services tax introduced in July 2012 to 0.2 from 0.1 from 1 January 2013, National Economy Minister György Matolcsy announced today when introducing the country’s new austerity package

Presumption of good faith for taxpayers

  • CMS Cameron McKenna
  • -
  • European Union, Hungary
  • -
  • September 17 2012

The onus is on the tax authority to prove that a taxpayer knew or should have known that another party was involved in tax evasion or fraud, according to two recent ECJ decisions

New extra tax imposed on pharmaceutical companies

  • Baker & McKenzie
  • -
  • Hungary
  • -
  • August 23 2012

The Hungarian Parliament has amended Act XCVIII of 2006 (Medicines Act), including by introducing Section 40A to impose a new extra tax payment obligation on pharmaceutical companies marketing innovative products with social security reimbursement in Hungary

Selected international tax & legal consequences

  • Baker & McKenzie
  • -
  • Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Finland, France, Germany, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Singapore, Slovakia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Kingdom
  • -
  • August 10 2012

The August 2012 issue includes a summary of selected international legal and tax consequences for employee stock options, employee stock purchase rights, and employee restricted stock and restricted stock units in nearly 40 countries

New tax on financial transactions

  • CMS Cameron McKenna
  • -
  • Hungary
  • -
  • July 26 2012

A new tax on financial transactions has been introduced , to take effect from 1 January 2013

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