Tax Newsletters 2025
You can read here the latest tax newsletters of the Hungarian office of Forvis Mazars published in 2025. We would like to inform our clients and partners about actual tax news and changes.
Intensive Transfer Pricing Audits
In recent years, the National Tax and Customs Administration (NAV) has prioritized auditing transfer prices applied between related companies. The establishment of four new transfer pricing expert departments by NAV highlights the importance of this area. These new departments began their work on 1 March 2025 and, in addition to transfer pricing audits, they are also responsible for audits related to the global minimum tax. This latter area represents a new element in the recently published 2025 audit plan.
Key changes on indirect customs representation
Significant changes will take place regarding the VAT deduction rights on imports of goods. Starting 1 March 2025, stricter regulations will apply to indirect customs representatives and the import procedures they manage. This will also affect importing companies. Our newsletter summarizes the details of the new regulations and their impact on businesses.
Agreement reached on the ViDA package
Following extensive discussions, the Economic and Financial Affairs Council (ECOFIN) adopted the ViDA (VAT in the Digital Age) package on 5 November 2024, which could modify the EU value added tax (VAT) regulations in various areas. Our newsletter summarizes the package's implications and its impact on businesses.
Tightening immigration regulations
The new Government Decree 450/2024 (23 December 2024) significantly affects the application for employment and guest worker residence permits based on nationality. In addition, the maximum number of such permits that can be issued in 2025 is set out in NGM Regulation 51/2024 (XII. 23.) decreased the previous year’s number from 65,000 to 35,000. Both regulations were adopted on 23 December and entered into force on 1 January 2025 with almost no preparation time.