Mandatory registration with the Company Portal

From 1st January 2018, for the sake of modernization, the Hungarian Authorities (including the courts) will use the electronic Company Portal for addressing any correspondence to companies having a registered seat in Hungary. Companies must register themselves before 31 December 2017 (the initial deadline of 31 August has been extended) and provide the e-mail address they want to use for this purpose.

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Restoring equity – Objections of the Hungarian Tax Office

The equity of a Kft (LLC) must always exceed 50% of the issued capital. The Companies Code in principle provides several ways to restore equity: waiver of debt results in a profit taxable under normal conditions, so companies are trying to solve this problem by an additional payment or a capital increase. However, the Hungarian Tax Office may re-qualify these methods when they involve companies in liquidation.

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