Tax Advisory & Planning · Compliance & Returns · Representation (NAV) · Transaction Advisory · Transfer Pricing.
Tax Advisory
Tax Advisory Services
Handling tax matters is not limited to correctly completing various returns. That alone does not ensure full compliance with every obligation – nor does it guarantee that you make use of every opportunity provided by the legislature. These goals can only be achieved through an expert, integrated approach that anticipates how each decision will affect the achievement of your business objectives. Tax advisory is precisely what supports management in this.
Our tax advisory professionals provide exactly that: a comprehensive perspective with detailed, practical guidance to help your business make the best financial decisions – so you pay no more tax than necessary. At the same time, we ensure our advice supports the fulfillment of your other tax obligations. This latter point is essential to a company’s relationship with the public budget. We take that burden off your shoulders, so you don’t have to grapple with the ever more complex rules of the Hungarian tax system. We make sure you understand your responsibilities, and that meeting deadlines never becomes a problem.
Who May Provide Tax Advisory Services?
Under current Hungarian law, tax expert / advisory services may be performed by individuals who hold a higher education degree, possess a tax advisor, financial advisor, or certified public auditor qualification, and – after obtaining such qualification – have three years of professional experience in tax or financial advisory prior to submitting their registration.
Tax Planning as a Key Element of Tax Advisory
For those less familiar with tax law, it is not always easy to distinguish tax planning, tax avoidance, and tax evasion.
- Tax planning seeks to achieve lawful tax advantages granted by the legislature (and may not exist for the sole purpose of exploiting a tax benefit).
- Tax avoidance exploits loopholes in the law and does not meet the expectation of bona fide, purpose-consistent exercise of rights; it results in an unlawful reduction of the tax burden.
- Tax evasion is a criminal offense: it involves making false statements or concealing facts relating to tax liabilities or budgetary subsidies, unlawfully claiming a tax benefit, or using public funds for purposes other than those approved – thereby causing financial loss to the budget.
Our Tax Advisory Services
- Preparation and filing of tax returns: we identify tax liabilities, calculate amounts due, prepare and submit the returns.
- Tax advisory: we review your questions and develop solutions within an integrated framework, either on an ad-hoc basis or under an ongoing engagement.
- Tax planning: we identify lawful tax advantages provided by the legislature and draw up an action plan to utilise them.
- Advisory alongside transaction services: answers to tax questions arising on company formation, transition, or dissolution, and hands-on support in meeting the related tax obligations.
- Mandatory professional representation: acting for you in proceedings for advance rulings, for assessing the applicability of advance rulings, and in arm’s length price determinations.
Why Central Audit?
Our experts deliver tangible value, ensuring that consulting plays a strategic and productive role in today’s corporate management environment. We identify areas for improvement and recommend tools that can help you achieve your organizational goals and contribute positively to the success of your business.
The Central Audit team considers customer satisfaction to be its most important goal, and to this end, we tailor our services to our clients in order to create the most added value for them. For annual reports, consolidation packages, transformation balance sheets and asset inventories, as well as contribution audits, please request a quote from us using one of our contact details.
Business focus
Audit & Assurance
Accounting Advisory
Financial Due Diligence
Company Valuation
Tax Advisory
Transfer Pricing
documentation
Special certifications
IFRS Certification
Investment Firm
Financial Institutions
Pension Fund
Sustainability
Public Interest Entities
Industry focus
Automotive Industry
Commerce
Production & Manufacturing
Real Estate Management
Not-for-profit Organizations
Services
Financial Enterprises