Tax News - Accounting

From 2025, the threshold for the simplified annual financial statement will increase from HUF 1.2 billion to HUF 2 billion for the balance sheet total, and from HUF 2.4 billion to HUF 4 billion for annual revenue.

Regarding the thresholds for the consolidated annual financial statement, the balance sheet total limit will rise from HUF 6 billion to HUF 10 billion, while the annual net revenue threshold will increase from HUF 1.2 billion to HUF 2 billion.

The audit exemption threshold for revenue will be raised from HUF 300 million to HUF 600 million, while the 50-employee limit will remain unchanged.