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Tax

As local and international regulations become more prescriptive and enforcement gathers pace, dealing with the evolving tax landscape in a cross-border context presents you with a significant challenge. The number and complexity of tax investigations conducted by authorities is rapidly escalating and the need for tax adjustments is rising accordingly.

Our 350 tax lawyers worldwide are supported by strong technical tax intelligence teams that identify developments in tax law and policy affecting your business. This multi-disciplinary approach helps you develop robust structures that maximise tax effectiveness in alignment with your commercial strategy. Given the cross-border nature of today's tax issues, top corporates and financial institutions seek our advice in Central and Eastern Europe, given our global tax presence and our in-depth expertise in national tax laws.

Whether you are a financial institution, multinational, fund, investor or high net worth individual, we understand your business and the tax pressures you face. Our teams work together across Central and Eastern Europe and beyond in the key areas affecting your business including VAT, international taxation, transfer pricing, e-commerce, M&A and investment funds, tax planning and financing.

Our experts can help you manage tax control cases and deal with tax authorities as well as manage tax litigation cases, including challenging tax liability decisions. The right tax advice can make a material difference to transaction costs and, in some cases, avert serious consequences.

The Tax Team in Hungary consists of four specialist lawyers that are also registered as tax advisors, and are top ranked by independent legal directories. Co-Head of the department is an active member of the European VAT Club, an association of independent VAT specialists. The team advises on all areas of domestic and international tax law, social security payments and state subsidy issues as well as represents them in tax litigation matters.

'"CMS has several experts specialising in different areas of tax and law, therefore all of our questions were answered well."

Chambers, 2023

A highly developed practice, offering fully dedicated team members, providing real quality and speedy advice.

Chambers Europe, 2016
10/07/2019
Highlights of our experience in Tax in Hungary
Apollo Tyres on the construction of a greenfield manufacturing plant in Hungary, including legal, tax and state subsidy advice regarding the acquisition of the selected property, cash incentives, and...

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27/12/2023
No white smoke on ATAD III proposal in 2023
As a reminder, on 22 December 2021, the European Commission issued its proposal for a directive to prevent the abuse of shell entities for tax purposes (ATAD III proposal). After several amendments, the...
24/11/2023
Carbon Border Adjustment Mechanism transition in effect since 1 October...
On 1 October 2023, a two-year transitional period began for implementation of Regulation (EU) 2023/956, which introduces the Carbon Border Adjustment Mechanism (CBAM). CBAM levies punitive CO2 charges...
27/09/2023
DAC 8 Proposal approved by the European Parliament
BackgroundIn recent years, the crypto-asset landscape has steadily grown and has reshaped the world of payments and investments. Today such assets have an estimated market capitalization of USD 1.09 trillion...
26/07/2023
Termination of the US-Hungary double tax treaty – time is growing short...
Fast action is crucial as it becomes clear that Hungary will no longer have a double taxation treaty with the US from 1 January 2024. The assessment of each taxpayers’ situation with US and Hungary...
23/06/2023
Hungarian government caps energy fee price element of electricity prices...
On 19 June 2023, Hungarian government adopted a new government decree establishing a cap of EUR 200/MWh on the energy fee price element of the electricity price to be applied between 1 July to 2023 and...
27/04/2023
Hungary launches new registry and registration procedures for companies...
A new bill has been recently proposed to the Hungarian parliament, which aims to amend various acts that, among others, include a proposal to postpone the entry into force of Act XCII of 2021 on the Registry...
05/04/2023
CEE Greenfield Guide 2023
CEE countries have attracted significant foreign direct investment in greenfield operations in recent years. Indeed, many manufacturing businesses have focused on expanding capacity in CEE countries...
04/08/2022
CMS Expert Guide to Cash Pooling
We are pleased to share with you the 5th Edition of the CMS Expert Guide to Cash Pooling. Cash pooling offers the advantage that the liquidity of a group can be concentrated (across borders) in one company...
02/08/2022
Legal issues in the metaverse / Part 4 - Expected impact of the EU Artificial...
Part 4 - Expected impact of the EU Artificial Intelligence Regulation, the metaverse as a workplace In our first article, we examined the nature of the metaverse, the shared virtual world. The emergence...
27/07/2022
Legal issues in the metaverse / Part 3 - Data protection challenges, the...
Part 3 - Data protection challenges, the importance of cybersecurity, advertising regulation in the metaverse In our first article, we examined the nature of the metaverse, the shared virtual world. In...
25/07/2022
Hungary reshapes KATA small-business tax making many ineligible
After days of street protests, the Hungarian government announced the new act on the reshaped KATA taxation regime after an extremely rapid legislative process. The new rules significantly narrow the...
21/07/2022
CMS International Disputes Digest - 2022 Summer Edition
The summer edition of the CMS International Disputes Digest, a bi-annual publication that highlights, explores and analyses the latest trends in the global dis­pute-res­ol­u­tion sector, is now published...