As part of its economic protection action plan, the government decided in April to further reduce KIVA, which was approved by parliament among several other amendments.

From 01.01.2021, individuals will no longer be able to operate as KATA taxpayers in several companies.

From 2021, the KATA form of taxation will be significantly tightened. The 40% tax burden will be expanded, and income from a principal exceeding HUF 3 million within a year will also be taxed at this rate. The aim is to avoid frauds, in particular, the elimination of hidden employment contracts from the system.

Dear Client,

We would like to update you about our introductions of the preventive measures according to the epidemiological situation.

As we already informed you our office building are not accepting visitors for an uncertain period of time since today, but regarding the current uncertain situation our company is forced to switch to “home office” working schedule to ensure the safety of our employees and our customers.

For some of our colleagues this change is happening already this week, but starting next week all of our colleagues will be doing their tasks exclusively in home office until the situation returns to normal.

We would like to ask all our dear clients to not forward any files to our office in person or by post from now on, as we will be unable to take over them in the near future. We would like to request from everybody to send these documents to the designated accountant by scanned or photographed form (all documents scanned separately if possible). If you are unable to solve the give over of the documentation any other way but in physical form, then please consult with your dedicated accountant about where you should send the package. We would like to inform you that our main communication channel remains the e-mail, please contact the chief accountants on their mobile phones and/or the dedicated accountants on skype (instead of the office landline) only in very urgent cases. You can find the skype contact info of our colleagues in the e-mail signatures of each accountants in the future.

If you have any questions regarding the above-mentioned please contact your dedicated accountants, they will explain everything in details.

We are very sorry if we causing you any inconvenience and we are very grateful for your understanding and cooperation.

We wish all of our clients persistence and good health.

Together with the aggregation of individual contributions, social security contributions for social security and labor market contributions will cease to apply to social entrepreneurs if the contribution base is less than 50% of the minimum wage.

As of July 1, 2020, our payroll will be simpler and more transparent, as individual contributions will be consolidated as Social Security Contributions.

One important element of the summer legislative changes was the removal of the obligation to replenish corporation tax.

From January 1 this year, mothers of four children in their household will be eligible for a new tax base reduction, where the tax base will be reduced to zero, provided the appropriate conditions are met.

From 1 January 2020, the small business tax will be reduced by 1 percentage point to 12%.

Dear Clients! On behalf of our Accountancy Office and the whole staff we wish you a healthy, happy and succesful new year! We hope you will be satisfied with our services in Y2018 too.