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The formation and the use of accrued loss

The formation and the use of accrued loss

What is an accrued loss? Losses incurred in previous years are called accrued loss. It is important to note that profit before taxes and accrued loss are generally not equal. How is the accrued loss incurred? According to the Accounting Act (Act LXXXI of 1996 on...

Dividend advance payment rules

Dividend advance payment rules

Is your business well-run and profitable? Do you want to get dividends already during the year, not just the next year following the business year? If so, there is a solution to it. It is also possible to pay a dividend in advance during the year. The Accounting Act...

VAT deduction rules in Hungary

VAT deduction rules in Hungary

If you do business in Hungary, it is very important to know what costs are deductible and after which VAT is not deductible. If you have a business relationship not only with an EU country or a 3rd country, but also with a domestic, i.e. Hungarian, activity, then...