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Technical Innovations in Hungarian Taxation

Technical Innovations in Hungarian Taxation

Hungary
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A novelty introduced in 2017 was that tax returns prepared by the tax authority will be available for tax payers online on the so-called “Ügyfélkapu” from 15 March 2017.

Tax payers, who has no online personal access on “Ügyfélkapu”, may request the tax authority via text message (SMS) (phone number: +3670 717-78-78) and also personally or in writing to send the draft tax return by post. It is important to include in the SMS the tax payer’s tax registration number and date of birth, as the tax authority can send the draft only to identified tax payers.

Another new possibility for individuals and sole-proprietors that they can pay their tax debts online or via bank card. The different taxes (like personal income tax and health contribution) may be paid together by one transaction, thus, the bank transfer costs can be minimized. It is important that the service requires registration on “Ügyfélkapu”. The tax authority introduces the new payment possibility gradually: the payment packages can be prepared and the transactions can be completed since the end of January, whilst the payment obligations resulting from the electronic tax returns can be paid on the so-called “webNYK” surface from 15 March 2017.  

By Gabriella Galik, Partner, KCG Partners Law Firm

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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