The majority of domestic companies expect an audit by the Tax Administration within six months

According to the results of the survey conducted among nearly 200 tax and finance executives presented at the event, the main concerns of respondents are currently the weakening of European demand. The top three business risks also include meeting digitalization expectations and securing investment funds.

“Based on the survey data, domestic companies also clearly feel that the global economy is currently going through a transitional period. Previously well-established processes, commercial strategies and business models are now being questioned. Every company must adapt to this situation”

– emphasized András Módos, head of EY’s Tax and Legal Advisory business unit.
As for taxation, the participants have considered transfer pricing to be the most significant tax risk for years. Currently, compliance with new international and domestic regulations is a challenge in this area. In addition, managing the effects of corporate tax and global minimum tax, as well as VAT, were also considered among the areas considered to be the riskiest.

NAV audit: what is delayed, does not pass

Two-thirds of those surveyed expect a tax audit in the next six months, which is not surprising, since in recent years the NAV has drastically increased the efficiency of targeted audits. The tax authority now has real-time access to data on economic operators – thanks to the Online Pénztárgép, EKAER, Online Számla and soon EMAP systems – which has significantly contributed to the whitening of the economy and the increase in the efficiency of inspections.

The tax system is also changing

Companies must also prepare for next year’s tax changes. The most important amendments include the reduction of the retail tax, the increase in the extra-profit tax of credit and financial institutions, the unification of the social contribution tax base (the 112.5% ​​multiplier will be abolished), and the modification of the entry and retention limits of the small business tax (KIVA). In addition, in order to encourage environmentally friendly investments, new tax breaks will appear in the corporate tax and the income tax of energy suppliers for remediation and energy investments. The threshold for individual VAT exemption will be raised in several steps, and the increase in excise tax rates on fuels (petrol, diesel, kerosene) following inflation in 2026 will be postponed by half a year. The advertising tax will return from the second half of next year, but the tax authority will also be waiting for the VAT summary report with more detailed content. Finally, measures aimed at reducing tax administration are also part of the package.

“The most important thing for domestic company and financial managers now is to get to know the changes, as it can be a factor that significantly affects competitiveness if a company is able to make use of its opportunities – be it, for example, tax breaks for investments serving to expand the production capacity of clean technologies or support for investments aimed at remediation”

– András Módos emphasized.