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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

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

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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