logo

tag: tax planning

Taxation of influencers: under the table or above board?

Péter Barta | 24 March 2022
perjel
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.

Are holding companies really out of luck this time?

Gergely Czoboly | 7 February 2022
perjel
Gergely Czoboly

Holding companies and other so-called "letterbox companies", which mainly collect passive income without a real economic presence, have been in the crosshairs of the European Union for quite some time. The draft directive published by the European Commission on 22 December as a kind of Christmas present could complete this process.

The KMRP – a new alternative to rewarding management

Anilla Gondi | 9 December 2021
perjel
Anilla Gondi

Tax-efficient forms of remuneration, serving at the same time, as a means of motivating management have never been more popular. And the range of options available for doing this has expanded this summer to include what’s known as a Special Employee Co-Ownership Program (“KMRP” in Hungarian), a vehicle that can be used for in certain situations that cannot be handled in the context of an Employee Part-ownership Program, MRP. In addition, KMRPs are an excellent vehicle for implementing management buyouts. 

Holiday homes and apartments at the company’s expense?

Henrik Bereznai | 9 November 2021
perjel
Henrik Bereznai

Implementing private property investments using company assets is slowly becoming a national sport. While the approach seems tempting, it carries a lot of risk. And the tax authority, NAV, has this type of arrangement firmly in its sights.

Summer, sea, tax-free dividends

Anilla Gondi | 12 August 2021
perjel
Anilla Gondi

For many, the summer months bring to mind sunny beaches, mouth-watering Mediterranean cuisine, colourful buildings along Portuguese streets, and cities that offer memorable cultural experiences... Yet few are aware that, beyond drawing in tourists, because of their tax systems, popular holiday resorts are also attractive destinations for affluent, well-to-do foreigners - often for periods of time longer than that of a mere summer adventure.

NAV to Have Access to Dubai-Based Shell Companies’ Data

Gergely Czoboly | 21 June 2021
perjel
Gergely Czoboly

At the beginning of April, a new OECD standard came into force, by virtue of which tax authorities will be better placed to monitor the activities of companies registered in tax havens and to access their key financial data. Although it remains to be seen how the Hungarian Tax and Customs Administration (NAV) will use this information, several popular tax minimisation strategies may be at risk.

Henceforth taxpayers are required to “indict themselves”

Tamás Fehér | 24 February 2021
perjel
Tamás Fehér

First reports under DAC6 were due recently from those who are parties to a cross-border transactions. Concurrently, at the last possible moment, the Hungarian Ministry of Finance published a Guide on certain issues related to the fulfilment of the reporting obligation. It is advisable, in particular, for accountants, consultants, lawyers and banks to carefully study this 38-page document, as any of them could easily fall within the scope of the reporting obligation.

The coronavirus is about to change the country of tax payment

Anilla Gondi | 8 February 2021
perjel
Anilla Gondi

We already know that Covid is changing the way we live and work. We’re keeping away from each other, we’re traveling less, we’re talking to each through video calls, and we’re working at home. But most of us haven’t thought about how these changes may affect the country our company pays taxes in.

Search
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.

Subscribe

Wish to receive our articles?