Hungary

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World Tax Reviews

Tax
DLA Piper Horváth & Partners Law Firm

DLA Piper Horváth & Partners has 10 tax legal practitioners including partner Levente Torma and counsel Ákos Becher. It offers tax legal services regarding indirect tax, corporate tax, transfer pricing and tax disputes services.

Becher advised WING Zrt in a $51.6 million acquisition of the EuroCenter ÓbudaShopping Center. He carried out a full tax and service charge due diligence, including the drafting of taxation-related side agreements and SPA negotiations.

EY

The EMEIA Tax Center at EY is organised as a supranational entity covering the entire Europe, Middle East, India and Africa (EMEIA) region, with its Intercompany Effectiveness and operational transfer pricing practice serving clients’ needs across all jurisdictions.

Led by Oslo-based partner Sveinung Baumann-Larsen, it brings together multi-disciplinary experience and resources focused on IT, accounting, and tax from the entire region in its work. This work covers some of the leading global companies in their respective fields and includes those involved in retail and consumer products, energy and pharmaceuticals, to name but a few.

Hegymegi-Barakonyi és Társa Ügyvédi Iroda

Hegymegi-Barakonyi és Társa Ügyvédi Iroda, part of the Baker McKenzie network, specialises in representing clients in the course of tax audit and tax litigation and particularly for its cross-border advice focusing on VAT and corporate income tax matters. It has successfully represented clients regarding their applied transfer pricing adjustments disputes with the tax authority. 

Gergely Riszter, Tímea Bodrogi-Szabó and Viktor Hajdú are advising a subsidiary of a multinational tech company on a precedent-setting tax audit. The Hungarian tax authority is challenging the client’s transfer pricing adjustment of return on its added value costs.

Jalsovszky Law Firm

Pál Jalsovszky is the managing partner and leads the tax team at Jalsovszky, with Tamás Fehér an attorney focusing on litigations including transfer pricing. The firm has a wealth of experience, with lawyers having comprehensive experience gained working for big four accounting firms, and has the expertise to represent clients in tax disputes in court. Some of its large clients are Michelin, Atrium Centers, Aspect Energy and more.

Fehér has represented numerous multinational clients before the Hungarian courts and the Supreme Court. Many of the cases regard VAT disputes.

Client feedback

“Jalsovszky law firm has a high level of expertise and professional standards to provide services. We highly appreciate their approach to business risks and assessing issues not only as desk lawyers, but having a very good business acumen.”

OrienTax Consulting

Karoly Radnai, partner, leads the tax team at OrienTax Consulting. It has grown from 18 to 22 fee earners since 2017. It provides all tax services including transfer pricing for clients in all major industries such as agriculture, automotive, energy, pharmaceutical, media, etc., but specialises in the latter. It has gained multinational clients such as Amazon, Netflix, Trenkwalder and more.

Orientax advised a US film studio client on a 25% Hungarian tax rebate valued at approximately $3.9 million. The team has experience advising non-resident film crews in Hungary, and this was the first project the team has taken the opportunity to apply the new social security payment cap for non-Hungarian filming crews. 

Client feedback 

“Orientax was very professional, the quality was the same as a big four firm, but the fee was lower. The wording of the guideline request was appropriate and comprehensive and the communication towards us was also very nice and professional.”

Peter Kiss, Károly Radnai

“Both are very professional in the communication and quality of their work.”

Tandax Advisory

Tandax Advisory is a boutique law firm that focuses on M&A, private equity dealings, and other cross-border transactions. It has almost 20 years of experience in tax legal advisory. Tamas Knebel leads the transfer pricing team and has been focusing on transfer pricing for nearly 15 years, from when the authority instated transfer pricing documentation requirement. It specialises in international tax and private client.

The firm advised German asset manager KGALon its acquisition of the Kálvin Square and CityZen office buildings in Budapest valued at €60 million. This involved complex due diligence and consistent tax support to the closing of the deal. 

The team added partner Babett Korponai recently, who had previously worked for Deloitte for 17 years. She focuses on M&A, corporate tax, international taxation, due diligence and structuring projects.

WTS Klient

WTS Klient Tax Advisory is a member firm of the WTS Global international tax network. It specialises in VAT compliance and advisory, transfer pricing advisory and documentation services, expatriate services, real estate industry tax services, tax litigations and general tax advisory in all tax areas. Its sector strengths include industrial manufacturing, telecommunications, food, real estate, energy, and agriculture. It has enlarged its office space and increased staff from 100 to 120.