From 1 January 2019, HLB Hungary has appointed Szabolcs Szeles audit director as a partner. His appointment as partner also means an organisational change at the financial consulting division of the Klient Group. From now on, Szabolcs Szeles is also responsible for...read more
In recent years, the automotive industry has been booming in the Central and Eastern European (CEE) region. Increasing numbers of car manufacturers decide to establish their modern and state-of-the-art production sites in CEE countries, due to the competitive edge the...read more
On Monday 1 October 2018, HLB International launched its’ new brand, including a new logo, tagline, website and overall look and feel, to support the network’s transformation to a modern, full service advisory and accounting mid-tier network. The new corporate brand...read more
On 20 July 2018 the Hungarian National Assembly adopted Act XLI of 2018 on the amendments of certain tax laws and related regulations. The main goal of the changes published in the Hungarian Gazette on 25 July is to ensure legal harmonisation and reduce administrative...read more
Online invoicing, or online data reporting for invoicing, was launched in Hungary on 2 July 2018. It means that the Hungarian Tax Authority (NAV) requires taxpayers to provide immediate, real-time access to invoices issued with invoicing software and which contain VAT...read more
HLB International, one of the leading global accountancy networks with a presence in 140 countries, raised over eight thousand and six hundred euros for the Malta Community Chest Fund. The funds were presented to Noel Zarb, Chief Administrator of the Community Chest...read more
From 1 January 2017, the standard rate of corporate income tax for Hungarian, and in some cases foreign, companies decreased to 9%. As Hungary is a member of the European Union, companies can tap into various financial resources for investment or development that are...read more
At its meeting on 13 June 2017, the Hungarian National Assembly accepted Act LXXVII of 2017 on the amendments of certain tax laws and related regulations. The legislative amendments affect the fiscal years of 2017 and 2018. In this article we provide a brief overview...read more
Even for private individuals, moving to a new place comes with numerous responsibilities, but what do you have to do if your business is relocating? This article gives you a brief overview of what administrative tasks await you besides the sometimes complex logistic...read more
Although 2016 annual financial statements have already been adopted and published, we often hear owners ask: “When can I take out a dividend?” The Act on Accounting changed as of 1 January 2016 in the sense that dividends approved by owners are not presented in the...read more
Few people among the general public probably know that the relatively uniform and standard auditor’s report has been renewed for audits relating to financial periods ending on or after 15 December 2016. The change comes on the back of EU recommendations and...read more
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HLB Autumn 2017 magazine
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