Tax News - Tax Procedure

The conditional tax assessment procedure becomes available with respect to type contracts. The fee of the conditional tax assessment procedure is HUF 10 Million in case of type contracts, and it is HUF 12 Million in urgency procedure.

The fee of the arm’s length price assessment procedure is raised to HUF 8 Million in case of unilateral procedures, and to HUF 12 Million in case of bilateral or multilateral procedures.

An automatic instalment payment benefit becomes available to legal persons, too, so once a year they can request a maximum 6-month instalment payment in case of a maximum of HUF 1 Million tax liability.

If the power of attorney is declared by the client then this declaration itself may serve as the authorization, if it contains a clear statement and the extent of the authorization granted. In such cases it is not necessary to submit a separate power of attorney form with the declaration.

The Tax Authority may cancel the ta number if the taxpayer does not comply with the VAT summary statement submission obligation or tax reporting obligation within 180 days of the original reporting deadline despite receiving a notice from the Tax Authority.