“Navigating Hungary’s Tax Landscape 2024” Business Networking 

BELGABIZ, SwissCham Hungary and VGD Hungary joined forces for a successful networking event, bringing together like-minded professionals and entrepreneurs. The event provided a platform for fruitful discussions, idea exchange, and the exploration of potential partnerships. The collaborative spirit and enthusiasm of the attendees underscored the value of such gatherings in fostering strong business connections and opportunities for future growth.

After the welcome words of Jim Bauters, President of BELGABIZ and Júlia Lipovecz, Director of SwissCham Hungary,  Viktor Szabó, Partner Tax and Payroll at VGD Hungary gave a presentation.

The presentation aimed to provide a brief overview of the changes in the Hungarian tax environment in 2024 that are most likely to affect Hungarian companies in the coming year. Our aim was not to list all the tax law changes, but the primary objective of the presentation was be rather to draw attention to the most important aspects that are worth focusing on during 2024. In this context, we discussed among others the transfer pricing environment, the e-VAT system, and the local specificities of the global minimum tax. Still, of course also the most important legislative changes were discussed.