Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: Central Excise rule to resale the machines to a new company :: form 3cd :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: due date for vat payment :: cpt :: TDS
« News Headlines »
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016

PwC Alert - Amends rules on taxation
November, 16th 2009

Hungarian Parliament passed bill no. T/10676 into law. The new Act concerns amendments to certain acts on sole traders (sole proprietorships) and savings incentives and introduces significant changes to several tax types. The following is a summary by PricewaterhouseCoopers of the most important amendments to the Act on Corporate Tax and Dividend Tax relating to interest income received from abroad.

As described in our Tax & Legal Alert of 4 November 2009, the rule that allows a corporate tax deduction of up to 50% of the net interest income from loans between related companies will expire on 1 January 2010.

However, with this amendment, the Hungarian Government is clearly inclined towards continuing to provide the possibility of a favourable corporate tax treatment with respect to corporate finance.

Under the amended Act, from 1 January 2010, taxpayers resident in Hungary and foreign entrepreneurs will calculate their corporate tax base exclusive of

any income that is subject to taxation abroad, if so prescribed by an international treaty, and
interest income received from abroad.

Under the amended Act, "interest income received from abroad" is defined as 75% of such income, less the costs and expenses directly attributable to the acquisition of such income, adjusted by the items that increase and decrease the pre-tax profit.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions