Budapest

Comprehensive tax law changes were adopted in Hungary in June 2012, parts of which will take effect or have taken effect already in 2012. Other changes relate to 2013 (Act LXIX of 2012). With regard to the tax procedure law, we draw your attention to the limitations introduced for petty cash payments, as well as to the modified rules of the tax registration procedure. (This article is available in Hungarian only.)

Comprehensive tax law changes were adopted in Hungary in June 2012, parts of which will take effect or have taken effect already in 2012. Other changes relate to 2013. The most important changes to the real estate transfer tax relate to the tax exemption of the sale of immovable property between related parties and the amended conditions of the reduced 2% tax rate available for property traders. (This article is available in Hungarian only.)

Comprehensive tax law changes were adopted in Hungary in June 2012, parts of which will take effect or have taken effect already in 2012. Other changes relate to 2013. Our article summarizes the most important changes concerning personal income tax. The law changed the range of the tax exempt employee benefits and the procedural rules of the declarations concerning the application of the 27% tax base increase. (This article is available in Hungarian only.)