As ICT Európa has been part of Russell Bedford, a global network of independent professional services firms, we are excited to share the highlights of truly special event held at our office, welcoming distinguished guests from London’s central office of Russel Bedford International.
2-min read
The Baross Gábor Restart Loan Programme is a Hungarian government support programme set up to mitigate the economic impact of the COVID-19 epidemic.
2-min read
There have been significant changes in transfer pricing in the past year. Previously, it was still mandatory to keep records above certain thresholds, but from 2022, companies subject to the obligation will be required to include the most important information from the documentation prepared in the corporate tax return (ATP-01 and ATP-KV). If a company fails to do so and is found to be non-compliant during an official audit, it could face fines of up to several million euros per transaction. It is also important to know who is exempt and which transactions are partially exempt from transfer pricing documentation," says Csaba Szabó, Professional Director of ICT Europa Finance Zrt.
3-min read
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
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
From 1 January 2023, a new mandatory declaration will be provided for in the amendment to the Labour Code.
1-min read
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.
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5-min read
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
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
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ICT Europa Finance Inc. is not just an enterprise, it is a Hungarian-owned administration service group where we have set up an excellent quality service portfolio in related fields: tax consulting, accounting, auditing, legal services and IT system operation. Our human resources, our expert background is formed by specialists who are at the top of their fields and who fully identify with our principles.
A member of Russell Bedford International - a global network of independent enterprises offering professional services.
