Attention: important deadline! Choosing to enter into corporate income tax groups until 20 November

Hungarian affiliated enterprises have had the opportunity to form corporate income tax groups for nearly three years, since 1 January 2019.

For the 2022 business year, the companies concerned may submit their declaration to enter a corporate income tax group between 1 November 2021 and 20 November 2021, and it is also in this period when applications may be submitted in case a new member wishes to join an existing group. (Companies whose business year differs from the calendar year, can submit their applications between the first and the twentieth day of the penultimate month of their tax year.)

There is still time to think over to what extent it would be worth using the opportunity in case of your company. This is a peremptory deadline, which means that a decision on forming a corporate income tax group must be made in the next few weeks.

In our newsletter we briefly highlight the most important advantages. To read the whole newsletter below.