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.
PwC Hungary is proud to announce the appointment of ten new directors. All appointments are effective as of 1 September.
PwC Hungary is proud to announce the appointment of Gábor Farkas as Service Line Leader of its Tax and Legal Services practice, effective from 1 July 2024. He will take over from László Deák, who will lead the Indirect Tax team and will also be responsible for the development of the ESG business unit.
