News

June 9, 2026

Can Fines Be Deducted? Accounting and Tax Treatment of Authority Fines, Parking Surcharges, Contractual Penalties and Late Payment Interest

Guide to fines, penalties, surcharges and late payment interest in Hungary, covering tax deductibility, accounting treatment, VAT and corporate tax risks. In the course of business operations, companies may occasionally incur expenses that do not appear as classic procurement, service or operating costs, but are instead connected to some form of breach of rules, delay, […]

June 3, 2026

Costs incurred before the establishment of the company: can they be accounted for later in the company?

Starting a new business rarely starts when the company is already registered, its bank account has been opened, its contracts are ready, and all invoices are duly received in the name of the company. In reality, many expenses arise much earlier: consulting, market research, domain name, website, marketing, travel, equipment purchase, translation, legal and accounting […]

May 28, 2026

Company registration is only the first step: what licenses may be required in Hungary in different industries?

When someone establishes a company in Hungary, they often think that the most important obstacle is registration at the Court of Registration. Indeed, there is no operating business association without the preparation of the articles of association, the countersignature of a lawyer, the obtaining of the tax number and the registration in the company register. […]

May 20, 2026

Methodology and theoretical foundations of professional anti-fraud investigation

Corporate fraud detection is not a simple audit activity, nor is it exclusively a follow-up investigation. Rather, it is a complex, multidisciplinary corporate governance and risk management methodology, which aims to reveal the discrepancies between economic reality, documented operation and decision-making processes. A professional anti-fraud investigation does not start from the point of view of […]

May 12, 2026

The relationship between a residence permit and a passport in Hungary: what should a foreigner pay attention to?

For third-country nationals residing in Hungary, the residence permit is one of the most important legal documents. This certifies the purpose, on what grounds and for how long the person may reside in the territory of Hungary. However, a residence permit is not a stand-alone document: it is closely linked to a passport and, more […]

May 5, 2026

Does the audit not match the books? Strategic crisis management guide from the experts of FirmaX Hungary

What can the managing director do if the audit differs from the accounting? Professional crisis management, materiality threshold mathematics and protection of clauses in the 2026 balance sheet closing period The period between the closing of the financial year and the publication of the financial statements is the most intensive professional test for the management […]

April 29, 2026

Business Associations (Ltd.) in the Probate Procedure: Legal, Tax and Operational Risks at the Systemic Level

Business Associations (Ltd.) in the Probate Procedure: Legal, Tax and Operational Risks at the Systemic Level The conflict between static inheritance law and dynamic enterprise The probate procedure is one of the classic institutions of civil law, the primary purpose of which is the lawful and orderly transfer of the deceased’s assets to the heirs. […]

April 23, 2026

Personalized legal advice or standardized routine processes?

Where Real Business Efficiency in Legal Services Begins The legal services market has undergone a significant transformation in recent years. In addition to classic, individual lawyer advice, standardized, process-based solutions are playing an increasingly important role. This change is particularly important for businesses that operate in an international environment or use services related to company […]

April 15, 2026

Beneficial ownership declaration: a comprehensive guide to EU and Hungary regulation (2026)

In recent years, corporate transparency has become one of the most important compliance areas in the European Union and Hungary. In order to preserve the integrity of the financial system, fight money laundering and terrorist financing, and curb tax evasion structures, regulators are increasingly focusing on clearly identifying who is really behind a business. For […]

April 9, 2026

Buying real estate in Hungary by foreigners: A Comprehensive Legal, Tax and Immigration Guide

Hungary remains one of the most interesting real estate markets in Central Europe for foreign investors in 2026. Budapest is an especially strong target: it offers a relatively liquid residential property market, vibrant rental demand, a regional business hub role, and a predictable legal environment at the same time. However, investor interest is not driven […]