TAX COMPLIANCE SERVICES

• Providing daily support for Hungarian companies relating to all taxes (full scope)
• VAT registration of foreign companies that are not established in Hungary
• Supporting foreign companies’ employees who work temporarily in Hungary (expats)
• Supporting Hungarian companies’ employees who work temporarily in foreign countries

VALUE ADDED TAX ADVISORY

• VAT advisory in connection with domestic and international transactions;
• VAT treatment of real estate transactions;
• supervision and commenting of VAT returns;
• examining the necessity of VAT registration;
• inquiry of VAT establishment;

PERSONAL INCOME TAX ADVISORY

• personal income tax and social security advice;
• existing employee benefit plan ‘Cafeteria’ related advisory, consultancy on restructuring;
• advisory and compliance services on private income (e.g. interest income, dividend income, income from sale of movable property/real estate etc.)
• determination of personal income tax and social security liabilities on company payments and benefits;

CORPORATE INCOME TAX ADVISORY

• advice on tax consequences of corporate transactions and identifying and developing opportunities and solutions;
• support and review regarding the preparation of corporate income tax calculations;
• preparation and review of corporate income tax returns, self-revisions;
• advice on tax reliefs and benefits;

INTERNATIONAL TAX

• tax judgment of cross-border transactions by examining the applicable tax regulations and by involving foreign BDO partner offices, if needed;
• preparation of proposals in connection with mitigating tax risk and optimizing tax burdens especially with regards to company-restructure, internal process re-organization, establishment of a new organizational unit or a different operating model;
• preparation of tax risk analyses in order to perform a planned international transaction efficiently;

TRANSFER PRICING

• Assessment and review of transfer pricing documentation obligations;
• Planning, review and establishment of transfer prices and transfer pricing policies;
• Creating a transfer pricing map;
• Identifying related parties, determining the size of the company;
• Registering related parties;

TAX REPRESENTATION SERVICES

• providing specific answers to all the questions raised before or during the tax audit;
• personal involvement in on-site audits and consultations;
• managing the official written communication with the tax authority;
• taking legal remedy steps, if necessary (observation to the protocol, appeal, administrative actions);
• due diligence prior to the tax audit (simulation of a tax audit in order to identify and manage potential risk points)

CUSTOMS AND EXCISE TAX ADVISORY

• review of foreign trade transactions, as well as potential customs and excise duty obligations;
• advice on the correct tariff classifications of certain goods;
• provision of support in case of customs controls;
• examination of compliance with international customs and foreign trade regulations;
• advice relating to the understanding and applicability of certain customs regulations.

EXPAT SERVICES

• Advice on personal income tax and social security;
• Determination of personal income tax and social security obligations;
• Comprehensive compliance services: preparation of tax advance calculations and personal income tax returns with detailed information about the payment obligations, deadlines, payment method addressed to the liable person (employee/employer);
• Preparation of monthly social security calculations, submission of returns;

DUE DILIGENCE SERVICES

• establishment of testing program for due diligences according to your individual, special needs (tax types, method of the review);
• simulation of tax audits carried out by the authorities, both in case of company re-organizations (e.g.: merger, demerger, transfer of business…etc.) and in case of pre-due diligence;
• Determination and specification of tax risks in relation to company re-organizations, acquisitions;

 

Contact: tax@bdo.hu

Telephone: +36 1 / 235-3010, +36 1/235-3090