Home / People / Judit Kresz
Portrait of Judit Kresz

Judit Kresz

Senior Associate

CMS Cameron McKenna Nabarro Olswang LLP Magyarországi Fióktelepe
YBL Palace
Károlyi utca 12
1053 Budapest
Languages Hungarian, English, German

Judit is senior associate in the tax team of CMS Budapest.

Judit is a tax law professional with 14 years of experience gained at one of the Big4s and large corporations. Prior joining to CMS Budapest she worked for a mid-sized law firm as Head of Tax, leading the regional tax practice of 9 countries within CEE.

Her areas of expertise range from Hungarian and international income tax, to M&A and transfer pricing issues. She has advised clients on tax allowance and state aid issues and gained valuable experience in tax procedures, including preparation of claims to Tax Authority and ruling requests to Finance Ministry.

Judit is a registered tax advisor and member of the Budapest Bar.

more less

Relevant experience

  • A major OEM on one of the largest greenfield industrial developments in Hungary, including extensive support with state incentives.
  • SRF Limited on all legal, state-aid and tax aspects of its greenfield investment in Hungary, which is its first investment in Europe, including assisting the client on all direct and indirect tax matters applicable to the company’s business and on negotiations with the Hungarian authorities for direct state aid.
  • E.ON Hungaria on the acquisition of Innogy group including two takeovers bids where E.ON Hungária Zrt. offered to purchase all the outstanding shares in ELMŰ Nyrt. and ÉMÁSZ Nyrt, and with all tax issues.
  • Liberty Global on the Hungarian, Czech and Romanian aspects of Vodafone’s EUR 18.4bn acquisition of Liberty Global’s European assets, including reviewing the Tax Disclosure document and the tax warranties.
  • A major discount supermarket chain on tax advice on various matters concerning its Hungarian operations.
  • A major energy company in a cross-border gas repo transaction over storage gas where the actual natural gas was stored in a customs warehouse in Hungary and in other eligible facilities in the Czech Republic and Slovakia, including advising on specific VAT issues relating to certain gas trading scenarios.
  • A major low-cost aviation company on the reorganisation of its CEE operations, including structuring how to engage staff from the employment and payroll taxes point of view and preparing tax models for the pilots, as well as tax advice on the government’s COVID-19 related measures for the aviation sector and their applicability to the client.
  • Goodman, an Australian-integrated commercial and industrial property group, on the construction and “built-to-suit” letting of a 87,200 sq. m. greenfield logistics facility.
more less

Memberships & Roles

  • Budapest Bar
more less


  • 2018 - LLM course in International and European Tax Law (ELTE Institute for Postgraduate Studies)
  • 2013 - Postgraduate course for lawyers in Economics, Corvinus University, Budapest.
  • 2004 - Doctor of Law, Summa Cum Laude, Eötvös Loránd University, Budapest.
more less



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...
US ter­min­ates double tax-treaty with Hun­gary
On 8 Ju­ly 2022, the U.S. Treas­ury De­part­ment an­nounced the ter­min­a­tion of the double-tax treaty with Hun­gary. The treaty, which scores of US in­vestors called very be­ne­fi­cial, was con­cluded in 1979 and...
Hun­gary in­tro­duces ex­tra taxes on bank­ing and in­sur­ance sec­tors
On 4 June 2022, the Hun­gari­an gov­ern­ment ad­op­ted a new gov­ern­ment de­cree in­tro­du­cing sec­tor-spe­cif­ic taxes for com­pan­ies viewed by the gov­ern­ment as gen­er­at­ing "ex­tra profits" in the cur­rent ad­verse eco­nom­ic...
Hun­gary in­tro­duces sec­tor spe­cif­ic taxes to com­pan­ies gen­er­at­ing "ex­tra...
On 25 and 26 May, the re­cently re-elec­ted Hun­gari­an gov­ern­ment an­nounced new sec­tor spe­cif­ic taxes for 2022 and 2023 as a re­sponse to dif­fi­culties caused by the war in Ukraine and the in­creased prices...
Trends and new VAT rules in EU e-com­merce
This we­bin­ar is one of a series of ac­cred­it­a­tion con­fer­ences ap­proved by the Hun­gari­an Bar As­so­ci­ation as part of the new com­puls­ory ac­cred­it­a­tion sys­tem in Hun­gary.  Trends and new VAT rules in EU e-com­merce ...
Hun­gary an­nounces ex­ten­ded cor­por­ate tax re­lief for in­vest­ments and de­vel­op­ments
As part of the meas­ures taken to re­start Hun­gary's na­tion­al eco­nomy as a res­ult of the coronavir­us epi­dem­ic, spe­cial rules of de­vel­op­ment re­serve have been an­nounced in or­der to help com­pan­ies re­cov­er...
De­tails of fur­ther tax breaks and ex­ten­sions en­acted in Hun­gary
New pro­vi­sions of the Hun­gari­an “eco­nomy sav­ing pack­age" have been an­nounced. After im­pos­ing ex­tra taxes on banks and the re­tail sec­tor, the Hun­gari­an gov­ern­ment pub­lished new reg­u­la­tions that provide...
Hun­gary to cre­ate eco­nom­ic re­lief fund by tax­ing banks and re­tail­ers
The Hun­gari­an gov­ern­ment has an­nounced a ma­jor "eco­nomy sav­ing pack­age".  The pack­age brings ex­tra taxes rather than sup­port to the bank­ing and re­tail sec­tors, al­low­ing the state to col­lect EUR 157 mil­lion...
Hun­gari­an tax au­thor­ity launches pub­lic con­sulta­tion on SAF-T
As Hun­gary pre­pares for the in­tro­duc­tion of the Stand­ard Audit File-Tax (SAF-T), the na­tion­al tax au­thor­ity has launched a pub­lic dis­cus­sion to col­lect feed­back from the busi­ness com­munity, soft­ware de­velopers...
New trends and chal­lenges on the Hun­gari­an M&A mar­ket (Part 2)
CMS Bud­apest is de­lighted to in­vite you and your col­leagues to the second part of our M&A busi­ness break­fast on the cor­por­ate law and re­lated tax law ac­tu­al­it­ies. We will dis­cuss top­ics such as dis­pos­it­ive...
Ex­pats at green­field in­vest­ments – a po­ten­tial 'per­man­ent es­tab­lish­ment'...
Over the past dec­ade, sev­er­al for­eign in­vestors have chosen Hun­gary for green­field in­vest­ments due to the coun­try's cent­ral loc­a­tion, in­vestor-friendly en­vir­on­ment and ad­vant­age­ous tax re­gime.When such...
Hun­gary makes changes to cor­por­ate tax­a­tion for 2019
The latest re­forms to Hun­gari­an tax law have brought sig­ni­fic­ant changes mostly to the cor­por­ate in­come tax sys­tem. Some changes may of­fer new op­por­tun­it­ies while oth­ers re­quire co­ordin­ated ac­tion. Hun­gari­an...