PERSONAL TAX CHANGES IN CZECHIA – 2021
Last minute tax law amendments introduce significant changes to the personal income taxes from 1 January 2021. The three most important ones are: abolition of the ’super gross’ system for calculating income tax base, implementation of 2nd tax rate of 23% for high incomes and an increase of the basic tax credit.
Tax changes in Hungary – 2021
The 2020 Autumn Tax Package made many smaller and bigger amendments and clarifications in respect of various taxes. Our SME INFO Nr.2020-20 brochure summarizes the changes we consider important.
ECONOMIC MEASURES TO MITIGATE THE EFFECTS OF CORONAVIRUS IN HUNGARY – SME INFO 2020-19
Specialities of project accounting – SME INFO 2020-18
As from 2020 on, also with the intention of IFRS harmonization, project accounting and the method of accounting for sales revenue based on the completion degree of the project was introduced in the Hungarian Act on Accounting. This change can have significant effect on the annual report and the profit of companies meeting the criterias of applying project accounting (e.g. in the building industry).
ECONOMIC MEASURES OF NOVEMBER 2020 WITH RESPECT TO MITIGATE THE EFFECTS OF CORONAVIRUS IN HUNGARY – SME INFO 2020-17
Please visit at the page of SME INFO 2020-19 for the latest content!
Tax law changes as of 2020 2nd half and 2021 in Hungary – SME INFO Nr.2020-16
The Act LXXVI of 2020, published on 14 July 2020 and establishing Hungary’s central budget plan for the year 2021, contains several changes which will have impact, among others, on the area of taxation. Hereunder we sum up the issues we deem important with the intent of arising attention, but without a claim of being exhaustive.