Blog

Cancellation by enforcement and cancellation of tax number can be the result of a wrong or not displayed company sign!

• 2023 March 01

Section 7(1) of Act V of 2006 on Companies Registration, Court Proceedings and Winding-up (Companies Act) requires a company to indicate its registered office by means of a signboard, but the Act does not provide any further details. The details of this have been worked out in court practice. If the company fails to pay attention to these, it could result in compulsory liquidation or cancellation of the tax account," points out Dr. Roland Zsidi, chief lawyer at ICT LEGAL, Termel & Zsidi Law Office.

4-min read

Why is controlling important?

• 2023 February 22

Controlling is not just about drawing conclusions from numbers, but can provide management with a much more complex picture on which to base optimal decisions.

3-min read

Important changes: what companies with overnight shifts must pay attention to!

• 2023 February 15

From 1 January 2023, a new mandatory declaration will be provided for in the amendment to the Labour Code.

1-min read

Increase in commuting allowance

• 2023 February 08

According to Government Decree 16/2023 (27 January), the commuting allowance has been doubled from 28 January 2023 for the period of the emergency. For daily commuting to and from work, employees can receive up to HUF 30 per kilometre tax-free from their employer. Previously, this was only 15 forints per kilometre.

1-min read

Millions can be saved: it is worth reviewing previous investment plans before 31 January 2023!

• 2023 January 23

Uncertain economic perspectives, high inflation, rising prices for goods and services, skyrocketing interest rates. In these circumstances, companies should consider whether previous investment plans are still realistic. If not, there are only a few days left for businesses to take action to save millions in interest on unused development reserves," says Alexandra Márton, Professional Director of ICT Europa Finance Zrt.

5-min read

Your company risks tax fines if you do not update your accounting rules!

• 2023 January 18

At the start of the new year, businesses should not only start closing the previous financial year, but should also look at what changes to financial accounting laws and government regulations they need to incorporate into their operations. In 2023, there are also changes for which companies have 90 days, otherwise they can expect a default fine of HUF 500,000 during a tax authority investigation," points out Anett Pető-Szűcs, accounting consultant at ICT Business Advisory Zrt.

3-min read

ICT Europa Group becomes a member of the Hungarian Franchise Association

• 2023 January 16

We are living in an age of constant change, which is also having a significant impact on the economy, so it is crucial for business leaders to keep their companies up to date.

1-min read

Tax changes in 2023 - summary

• 2023 January 10

Act XLV of 2022 amending certain tax laws has been promulgated, and the more relevant tax changes that came into force on 1 January 2023 are presented below.

5-min read

2023: Series of employment lawsuits can be expected if company management does not pay attention to this!

• 2023 January 05

The Labour Code will be amended as of 1 January 2023 under the proposed law "Amending certain employment-related laws", voted by Parliament on 7 December 2022. The management must also give reasons for immediate termination during the probationary period, warns Dr. Roland Zsidi, senior lawyer at ICT LEGAL, Termel & Zsidi Law Firm.

3-min read

Attention: employees can also pay after the Christmas present they receive!

• 2022 December 07

It's the season of the usual company gift giving and Christmas parties. With energy prices rising and a high inflationary environment, companies can expect even higher costs than usual. It is important to pay attention to what kind of gift or event is taxable, how much tax is to be declared and paid, to whom, and what can be given tax-free - says Csaba Szabó, Professional Director of ICT Europa Finance Zrt.

3-min read