Transfer pricing and documentation services

News

Hungarian tax liabilities of companies and individuals with U.S. business interests may change significantly from 2024

During recent months, the United States terminating the tax convention for the avoidance of double taxation with Hungary has been a hot topic. In July 2022, Hungary received a notification of termination from the United States. As of 1 January, 2024, this treaty will no longer be applicable.

News

Hungarian
government proposes new tax package with restrictive measures on transfer pricing
operations

On the 23 June 2022, Law Amendment Proposal Number T/360 on Hungary’s 2023 State Budget was presented to Parliament by Finance Minister Mihály Varga, which can also be deemed as this year’s relevant tax package.

Article

Transfer Pricing Quick Scan

Request the TP Quick Scan in time

You can relax. Ask for TP Quick Scan still before the tax authority arrives.

News

Significant changes in the transfer pricing documentation rules

Errors in documentation may lead to large fines

Due to the regulatory changes, preparation of the transfer pricing documentation may place a bigger administrative burden on companies, so it is worth starting it as soon as possible and leave more time for this task than before.

News

New transfer pricing regulation – focus on profitability calculation

Transfer pricing remains a priority audit area for the tax authority. For financial years beginning on or after 1 January 2018, taxpayers are required to prepare their transfer pricing reports according to the provisions of NGM decree no. 32/2017. (X.18.) (hereinafter: “NGM decree”).

News

Corporate taxpayer groups: can transfer pricing requirements be overlooked?

As a general rule, although itemised transfer price adjustment and documentation regulations of the corporate tax act are not applicable for transactions between companies involved in group corporate taxation, liabilities regarding transfer pricing may still arise for them.