VAT consulting
Hungary has the highest VAT rate among the member states of the European Union. It is therefore in the vital interest of businesses to apply the optimal tax structure. However, in the event of a solution that does not comply with the law, the fines can be significant, so it is essential that transactions are evaluated in accordance with the relevant EU and Hungarian legal requirements.
Our experts assist our clients in properly evaluating their transactions and advise them on developing optimal structures that comply with the law. We undertake to review the VAT treatment of transactions on an ad hoc basis – even prior to a larger VAT refund claim – or on a regular basis. Upon request, we compile information materials and provide on-site training for our clients on the tax implications of topics relevant to their business, with an emphasis on practical issues (e.g. the position of the tax authority, the case law of the European Court of Justice, potential errors related to the subject matter and how to eliminate them).
Our VAT-related services include, but are not limited to, the following:
- evaluation of transactions and complex structures,
- requesting a statement from the tax authority and, if necessary, other authorities,
- preparation of conditional tax assessment requests,
- VAT screening (health check), on an ad hoc or regular basis,
- making suggestions during the review regarding the more efficient operation of the company’s registration system,
- assistance in submitting VAT returns and summary reports, on an ad hoc or regular basis,
- delivering practice-oriented presentations at our clients’ premises,
- VAT registration in Hungary for foreign clients,
- administration of VAT refund procedures,
- advice on online invoicing,
- preparing information materials on topics requested by our clients.
Why choose us for VAT-related issues?
- We resolve any issues or problems that arise quickly.
- We adapt flexibly to business processes, thus responding to changing requirements during the process compared to those originally indicated (e.g. contractual structure to be evaluated, period and/or number of invoices to be examined, modification of the subject matter of the training).
- We provide a secure cloud-based online data room where our clients can upload the documents they need for their work at a pace that suits them and keep in touch with our experts through the communication channels available in the data room.
- Our experts have many years of experience in tax law and accounting.
- With our representation, you can even avoid criminal proceedings.
- Thanks to their experience as tax authorities and tax advisors, our experts have extensive experience in the application of tax law and continuously monitor domestic and EU legal practice.
If you have any further questions on this topic, our experts are available at the contact details below.