The approved bill modifies the above indicated deadline of using up the tax losses incurred in 2014 or before to the tax year containing the date 31 December 2030. This extension can be considered as especially beneficial for taxpayers who incurred tax losses in said period, but may not have been able to fully utilise...
Asked to rank job characteristics in order of importance, respondents put flexible work options, base pay, and a good rapport with co-workers at the top of the list. PwC Hungary has asked a total of 20,000 high schoolers, college students and recent graduates about their job preferences since 2016, including nearly...
The government submitted a bill to Parliament proposing amendment of certain acts affecting migration on the 6th of November. The proposed law would affect the status of certain third-country nationals in Hungarian families (specifically: spouses, dependent minors of spouses).
The controlled foreign company regulation has been considerably amended compared to the original proposal, the rules regarding group taxation regime for corporate income tax purposes have been clarified and supplemented including the procedural rules. Moreover, the originally proposed rules regarding the cafeteria...
The new act imposes a preliminary notification obligation on foreign investors who intend to conduct activities in certain strategic industries. The competent minister may either acknowledge or reject such reports, and may also prohibit an investment on the grounds that it would violate Hungary’s security interests.
PwC Hungary is proud to announce the appointment of new directors in its Tax, Audit and Advisory service lines. In September, PwC Hungary also welcomed Roland Földvári as Director in Advisory.
After years of working together, PwC Hungary has acquired Data Solutions Kft. The services provided by this Hungarian-based company, which has been in operation for 10 years, have focused mainly on predictive analyses, data mining, and on creating and analysing data repositories and data markets. Through this...
On 25 July 2018 a summer tax legislation package was introduced. This newsletter provides a summary of the most important changes to tax legislation, as set out in Act XLI of 2018 on amending certain tax laws and related legislation and on the special immigration tax (“Amending Act”).
On 19 October 2018, the Government submitted a draft tax package to the Hungarian National Assembly. In addition to a couple of restrictive provisions, the package contains a number of new benefits available to taxpayers. The most significant changes include amendments to the cafeteria system, a transitional provision...
After six years as PwC Hungary’s Country Managing Partner, Nick Kós will be moving on to a new role as CEO for the CEE region, with effect from 1 July 2018. He will be succeeded by Tamás Lőcsei, PwC Hungary’s Tax & Legal Services Leader.
PwC Hungary has brought Szabolcs Mezei on board as new Director in its Advisory services practice. Before joining PwC in April 2018, he worked for nearly 12 years at IFUA Horváth & Partners Kft. as a Management Consultant and later as Principal responsible for the public sector.
Warsaw, Budapest, 10 April 2018 – PwC Central and Eastern Europe, the professional services firm, has announced the election of Nick Kós as its new CEO for a four year term, with effect from 1 July 2018.
Bálint Gombkötő joined our Corporate Tax group as a Director in March 2018. Previously he worked at KPMG Tanácsadó Kft., where he gained extensive experience in corporate taxation. He refined his international taxation expertise in London, in connection with international corporate taxation and the tax implications of...
For Hungarian companies, Germany remains the most important target for market growth, while Romania has climbed to second place in one year. CEOs are optimistic about the future, despite major challenges such as a labour shortage, changing workforce demographics, and an increasing tax burden on labour.
Respondents to this year’s survey on economic crime conducted by PwC Hungary reported a 100% increase in fraud – which means that half of the Hungarian companies surveyed experienced this type of economic crime in the past 24 months. But this result is somewhat misleading: it is more likely that it shows a growing...
The impacts of three overlapping waves of automation to the 2030s are examined in our new report: the algorithm wave, the augmentation wave and the autonomy wave.
PwC Hungary has appointed Zsolt Wermeser as a senior manager in its consulting practice, which offers premium value-adding solutions that meet today’s challenges of disruptive innovation. The appointment is effective as of mid-January. Zsolt will be responsible for creating solutions to help improve clients’ business...
A record-breaking share of CEOs are optimistic about the economic environment worldwide, at least in the short term. That’s one of the key findings of PwC’s 21st survey of almost 1,300 CEOs around the world, launched at the World Economic Forum Annual Meeting in Davos.
