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New Electronic System has been İntroduced to Facilitate the Submission of the Financial Reporting in Hungary

New Electronic System has been İntroduced to Facilitate the Submission of the Financial Reporting in Hungary

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Based on the experience of the past years, as of 1 December 2016 the Company Registry Service of the Hungarian Ministry of Justice introduced a new electronic system to facilitate the submission of the financial reporting.

By using the new electronic system more than 400,000 enterprises can publish easier and faster their financial reports. The main advantage of the new system is that the reports will be checked during the uploading process, resulting in that the fine that may be imposed by the tax authority for making minor typo mistakes (e.g. mistyping the tax number or the registration number of the company) will be easier to avoid. The system is accessible on the Internet and there is no need to upgrade a form or to use special programs. However, it is important for the accountants to have stable internet connection in order to avoid data loss. 

The new system is accessible via the following link: https://e-beszamolo.im.gov.hu/ebekuldes 

By Gabriella Galik, Partner, KCG Partners Law Firm

Hungary Knowledge Partner

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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