Author Archives: BSPL Könyvelőiroda

Changes in invoicing and vat reporting from 1 July

There are a couple of important changes from 1 July 2020 in invoicing and vat reporting. The buyer’s tax number is required in the invoice. The domestic sales invoices shall be reported to the tax office regardless of the VAT amount.

Covid-19 recovery package: the Hungarian kurzarbeit 13 April 2020

The government has released the relevant legislation to its economy recovery package on 10 April. Since then many experts, economists, accountants and tax advisers have been evaluating and interpreting the rules which happened to turn out very complicated.
Covered topics:
– Additions to social security tax and KIVA exemptions.
– R&D emplyee support.
– Support for reduced working time employment – the Hungarian Kurzarbeit.

Covid-19 recovery package briefing 7 April 2020

On 7 April 2020 the Hungarian government has launched its new recovery package which they hope to give a boost to the economy.
The government has now announced their recovery programme to answer the Covid-19 pandemic. So far we have the communique, and the detailed legislation is expected to be introduced soon.