PwC Hungary is proud to announce the appointment of three new partners, effective from 1 January 2021. Barbara Koncz and Gábor Farkas will serve in their new roles in the Tax Advisory service line, while Peter Durojaiye will bolster PwC Hungary’s Risk Assurance and Cybersecurity Services team.
This year, PwC Hungary has surveyed job preferences in Hungary for the fourth time. This time around, in addition to young hires, PwC’s experts have mapped out the needs of the entire labour market.
The United Nations Development Programme (UNDP), the United Nations Global Compact (UN Global Compact) and the International Chamber of Commerce (ICC) have established the COVID-19 Private Sector Global Facility, a global initiative and collaboration bringing together public and private sector partners to help local...
It is no longer uncommon for the Hungarian tax authority to turn restrictive rules into opportunities that benefit companies – as has been the case with online invoice data reporting.
One of the main goals of the UNDP-PwC collaboration is the establishment of a global public-private partnership that can shape and execute a comprehensive response to COVID-19. As governments embrace game-changing policies to build back better, greener and more sustainably, the partnership is intended to lay the...
PwC is making a worldwide science-based commitment to achieve net zero greenhouse gas (GHG) emissions by 2030. The commitment includes supporting our clients to reduce their emissions as well as reducing those from the PwC network’s operations and suppliers.
Ferenc Bíró has joined PwC Hungary as lead Partner of forensic services for Hungary and Southeast Europe, with effect from 1 September.
As published in the Official Journal of the European Union, the free trade agreement between the European Union and the Socialist Republic of Vietnam took effect on 1 August 2020.
The Hungarian Tax Authority has recently published an official statement regarding the data reporting obligations applicable as of 1 July 2020 – related to the online invoice data reporting obligation, and the domestic recapitulative statement (M sheets of the VAT return) requirements – and announced a moratorium...
From 1 July 2020, László Radványi will take over as leader of PwC Hungary’s Assurance service line from Árpád Balázs, who has held this position for seven years. The Assurance service line includes accounting advisory, risk management and cyber security, as well as PwC’s Academy, the firm’s adult education centre.
According to legislative changes already adopted, from 1 July, companies can expect significant changes in invoice data reporting to the Tax Authority: modifications will affect both the completion of domestic recapitulative statements for VAT returns, and online invoice data reporting.
Fraud and economic crime rates remain at record highs, impacting companies in more ways than ever. PwC’s bi-annual survey of business crime reports that fraud committed by customers tops the list of all crimes experienced (at 35%), up from 29% in 2018. Businesses report that customer fraud and cybercrime are the most...
The National Tax and Customs Authority has recently published a binding opinion on electronic invoices and their retention in accordance with applicable regulations (i.e. electronic archiving) on its official website.
Government Decree No 105/2020. (04.10.) (“Decree”) regulates the conditions for supporting short-time working during the state of emergency. The subsidy is available to employers falling within the scope of Act I of 2010 on the Labor Code (“Labor Code”).
The new Government Decree contains provisions on the facilitative tax measures introduced in connection with the current epidemic situation, and on the adjustment of tax-related deadlines and due dates.
On 10 April 2020, Government Decree No. 102/2020 (IV.10.) (“Decree”) was published in the Hungarian Gazette. The Decree designates the framework for the operation of companies, associations (‘egyesület’), foundations (‘alapítvány’), cooperative societies (‘szövetkezet’), condominiums (‘társasház’), public bodies (e.g....
As part of its economic rescue package, the Hungarian government issued a government decree on 16 April laying down the conditions for granting wage subsidies to workers with reduced hours. Wage subsidies are available to businesses that will employ workers with reduced hours in the coming months as a result of the...
Decree on the rules of the special retail tax during the COVID-19 crisis was published. However, the new legislation extended its scope to foreign seated e-commerce companies as well.
The economic rescue package, announced by the Prime Minister on 6 April, consists of five pillars on which the Hungarian government is developing its economic protection measures. In this economic situation, the preservation of jobs is of vital importance. In order to make this immediately feasible, a state wage...
New government decrees setting out additional economic relief measures were issued on March 23 as part of a relief package designed to mitigate the economic impact of COVID-19 in Hungary. By introducing these measures, the government intends to provide early support to affected businesses, as well as to the general...
