As of 1 January 2025, the provisions of the Act CL of 2017 on the Rules of Taxation ("Art.") also include provisions on higher default penalty rates for general, not specified cases, as well as penalties regarding employing an unregistered employee and violation of the rules for issuing invoices or receipts and retaining documents.
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As below, we have summarized the most important changes in the Accounting Act effective from 1 January 2025. The purpose of the changes is to ensure compliance with the international standards and reduce the administrative burdens.
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MORE DEDICATED AND MORE FOCUSED ESG BUSINESSLINE AT MOORE HUNGARY
In the next 2-3 years, the new EU and Hungarian legal regulations concerning the sustainability assessment and reporting obligations of businesses will impact the operations of thousands of Hungarian businesses. In this newsletter, we would like to support you and your company in interpreting these regulations and, moving forward, to professionally support you through our ESG services.
The European Union’s Directive on Corporate Sustainability Reporting (CSRD), which came into effect in January 2024, along with its accompanying legislation, the Corporate Sustainability Due Diligence Directive (CSDDD or commonly known as CS3D), marks a new chapter for economic companies operating within the EU.
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As below, we have summarized the most important changes in the Accounting Act effective from 1 January 2024.
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International hotel operators, owners and investors are looking to the future with confidence after a remarkably strong year in which astute resource management and increased digitisation have helped sharpen performance and boost profitability.
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At Moore Hungary, we take pride in celebrating exceptional achievements, and today, we are thrilled to share the remarkable accomplishments of not one, but TWO Hungarian Nobel Prize winners!
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The Széchenyi Recreation Card (hereinafter: SZÉP card), a form of fringe benefit that has existed since 2011, will again be subject to several changes in its taxation and use under the emergency measures of 2023. From 01.01.2023, the card has a sub-account, the balance of which can be used for all the previously known uses (accommodation, catering and leisure).
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In this leaflet, we would like to summarise the factors that parents should consider when applying for childcare allowance and during the period of childcare benefit, so that they can make the right choice from the options offered by the legislation corresponding to their life situation, future plans and financial situation.
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Accor, a global hospitality group, further expands its portfolio of acclaimed brands in Hungary. From this summer, the legendary Hotel Magyar Király in Székesfehérvár, advised by Moore Hungary, joins the group’s extensive portfolio under a franchise agreement
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Factors fuelling demand for the world’s most ambitious mid-sized companies
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