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Fewer NAV audits, more efficiency – the tax authority’s report card

Péter Vajk Balogh | 22 August 2022
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Péter Vajk  Balogh

The National Customs and Tax Authority (NAV) has recently published its annual report – something of a tradition now – which summarises its activities over the past year. Looking through the many statistics, the picture that emerges is that the efficiency of NAV audits has increased in recent years.

Property in trust?

Ákos Baráti | 15 June 2022
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Ákos Baráti

Because of its wealth protection features and favourable tax environment, trusts have become one of the most popular tools for family wealth planning. However, it matters what assets the settlor places in the trust– a mistake could easily undermine the favourable tax treatment of the trust.

Black night in energy market

Boglárka Zsibrita | 31 May 2022
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Boglárka Zsibrita

Recently an increasing number of market players operating under the mandatory off-take regime (KÁT) have taken the opportunity to sell their renewable energy in the free market and thus, due to the current favourable market situation, sell their electricity at a much higher price than the subsidised price paid by the state. This flexibility, however, has disappeared overnight.

THE SUN ALSO SHINES IN PARKING GARAGES – SALE OF PARKING SPACES BECOMES EASIER

Gábor Kerekes J. | 27 May 2022
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Gábor Kerekes J.

Two weeks ago, almost on the sly, a legislative amendment was adopted that could solve one of the “hit problems” of the real estate market: the complicated process of selling parking spaces in a condominium building. The changes came into force on 2 May, so it is now up to market players to put the new provisions into practice.

PRIVATE INVESTIGATORS AND POLYGRAPHS IN BUSINESS

Tamás Fehér | 20 May 2022
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Tamás Fehér

Some of the more exotic means of evidence that we typically think can only exist in movies or in serious criminal cases can also be surprisingly useful in business. In everyday life, too, you can prevent serious inconvenience by hiring a private investigator in time, or even by a well-directed lie detector test. Zsolt Bodnár and Dr. Béla Balla of Hori-Zone Security helped us to get to the bottom of the subject.

Selling your company – what not to leave to the eleventh hour

Ágnes Bejó | 2 May 2022
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Ágnes Bejó

When the idea of selling the company matures in the mind of a business owner, there’s still a long way to go before the company can be successfully sold. There are many legal and tax matters to be seen to as part of the process – and these should not be left to the last minute. We discuss a few of these here.

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contracts, ESOP, M&A

Could we have even fewer taxes than we already do?

Tamás Fehér | 4 April 2022
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Tamás Fehér

This is the seventh year that we’ve been taking stock of the types of taxes in Hungary – and the multi-year trend is decidedly reassuring. The number of taxes has decreased to some extent almost every year. This year we’ve counted 51 types of tax, and at this point one might reasonably ask: is it realistic to expect even fewer taxes?

Taxation of influencers: under the table or above board?

Péter Barta | 24 March 2022
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Péter Barta

More and more people are earning money online as bloggers, vloggers or influencers. Through social media, you can reach millions with a well-targeted message, and this can result in a substantial income. These incomes are subject to tax – but it’s important to think about how to pay it.

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Who is this blog addressed to?

The law is constantly in flux. While many people may find this intimidating, for us it’s precisely what makes it so exciting. We’d like to share this attitude with businesspeople and managers, and with those who just have an interest in business law, in the form of a regularly updated blog that discusses the latest tax law and commercial law issues in an accessible style. Feel free to send your questions and suggestions for topics you’d like us to cover to blog@jalsovszky.com.

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