Transfer Pricing Business Line

We are glad to notice you about the joining of Ágnes Fotiadi as from April 2018 as a leader of LeitnerLeitner’s Transfer Pricing Business Line. She has so far headed the Transfer Pricing Unit of the Hungarian Tax and Customs Administration from its establishment. She has significant experiences in transfer pricing audits, APA and MAP negotiations domestically and cross the borders. Please find further information in the attached announcement letter.

Online invoicing programs, electronic invoicing

The introduction of the online access to invoicing programs has been postponed. Therefore, you can utilize this period for the revision of your invoicing program. Soon, invoices have to be prepared by programs capable of online, real time reporting of data. The test period has already started, the .xml schemes are available and the test surface of the tax authority is ready to work.

The requirements for the data export, however, are already in place. Does the invoicing software used by your company fulfill the requirements?

LeitnerLeitner already issues electronic invoices. In case your company also intends to follow this approach, we are at your assistance not only with a deep knowledge of the relevant legal requirements, but also with our practical experiences. You may turn to our advisors in order to examine your invoicing software, and to harmonize your business management systems.

For more information, please visit our Hungarian blog post and in case you have any questions please feel free to contact us.

The Tax Aspects of Hungarian Real Estate

An article of The Tax Aspects of Hungarian Real Estate written by Judit Jancsa-Pék was published in Budapest Business Journal.

Do you contemplate an IFRS transition?

An IFRS transition is possible from next year on, however, you have to start your preparations in time. The pre-condition for an IFRS transition is to obtain the official opinion of an IFRS qualified auditor about the readiness of the entity for IFRS accounting, which is a time consuming process. Moreover, the transfer of the whole accounting system is a challenging task and as a result, it is suggested to map even the unlikely effects and to perform bookkeeping according to IFRS as well prior to the transition. You may turn to our colleagues in IFRS transition issues. LeitnerLeitner will assist you with IFRS bookkeeping and transition advisory.