What are some of the more important changes in the tax situation for businesses in 2015?

One of the most important changes within the system of corporate taxation is the extension of the affiliation relationship, according to which the concept of affiliated enterprises also includes situations when decisive influence is realized regarding the business and financial policy of the economic enterprises through same-person management of the associated parties.

A noteworthy change in the domestic summary report, is that the itemized VAT data-submission limit is reduced to HUF 1 million (from HUF 2 mln). From now on taxpayers can also submit data of transactions that have VAT amounts that are lower than this limit – which means taxpayers can practically send their entire VAT analytics to the tax office.

The most important change in the law on the rules of taxation is the introduction of the so-called EKAER-system, and its supervision by the tax department. The point of the system is that any transport of goods via public roads made with a vehicle that is subject to toll requires possession of a NAV-issued control number. Those involved in transporting goods have to provide data to NAV both before the start of deliveries (loading) and also at the completion of deliveries (unloading).

Given all the changes in the tax code, do you expect your corporate clients to pay more or less in total taxes (including VAT) during 2015?

The amount of tax payable can depend on many criteria. A higher tax liability can be an indication of the growth of the business, which is a positive thing – most of our clients fall into this category. Given the existing tax laws, the most important thing is to comply with the current regulations, since the more strict tax authority controls and increasing penalty limits can cause extra obligations. The introduction of the EKÁER system also means extra administrative costs for companies dealing with transportation – the additional workload requires one extra full-time employee.

How can a service like yours help clients deal with the changes in the tax structure?

The 2015 tax changes increased the necessity for a more professional finance and accounting support staff. By monitoring our client’s processes, we can show them where and how they can operate more tax-effectively, and where there are dark zones on their tax-map. Some of our partners wish to see incomes and costs separated by activities. We also make it possible to view accounts via remote desktop access, so that clients can freely and directly check reports, in foreign languages too.

Why should customers choose your service over others?

Our clients are professionally serviced in a friendly, supportive environment. The speedy, updated, authentic information, processed in line with high standards but also in an “understandable language” gives our partners an advantage over the competition.

Because at Colling, everyone counts.

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Source: BBJ.hu

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