Financial representation is essential for third-country (non-EU) enterprises that wish to operate in Hungary. To obtain a Hungarian tax number, these companies are required to appoint a financial representative in Hungary. The financial representative ensures that the enterprise complies with all Hungarian tax obligations, including adherence to invoicing regulations, maintaining records, fulfilling EKÁER obligations, submitting tax returns, paying taxes, responding to tax authority inquiries, and handling tax audits.

It is important to note that the financial representative bears joint and several liability for the Hungarian tax obligations of the represented company. Therefore, according to industry practice, every financial representative requires a bank guarantee or bank deposit from its clients as security against potential damages.

Why choose BDO Hungary's financial representation service?

International background and experience: BDO Hungary has more than 30 years of experience and a reliable international background, offering tailored solutions to its clients.

Expertise and dedication: For us, financial representation is not just a mandatory obligation but a profession that we carry out with the utmost attention.

Comprehensive service: We ensure that your company fulfills all its Hungarian tax obligations, thereby minimizing risks.

As a financial representative, BDO Hungary performs the following tasks:

• Tax and VAT consultancy: Providing expert advice tailored to your company's needs in taxation and VAT matters.

• Fulfillment of tax obligations: Comprehensive professional support for all Hungarian tax obligations.

• VAT registration: Completing your company’s VAT registration with the Hungarian tax authority.

• VAT return management: Preparing and submitting VAT returns on behalf of your company.

• Tax audit representation: Representing your company in case of a tax audit.

• Fulfillment of tax liabilities: Ensuring compliance with all tax-related obligations arising in Hungary.

Choose BDO Hungary as your financial representation partner, and rest assured that your business will comply with all Hungarian tax regulations while you focus on your core activities.