Hungary sets June 1 deadline for corporate and small‑business tax filings

Hungary’s National Tax and Customs Administration (NAV) has announced that, by midnight on June 1, roughly 400,000 companies must file corporate‑tax (TAO) returns and more than 100,000 must file small‑business‑tax (KIVA) returns. Submissions are to be made electronically through the Online Report and Form System.

In addition, firms must lodge their accounting reports by May 31 and pay the taxes by June 1. The food‑chain supervision fee filing, required from about 80,000 enterprises, shares the same deadline. NAV has sent reminder letters to nearly 50,000 companies that previously filed late or not at all. Failure to file can trigger penalties up to one million forints, with further fines for delayed publication of accounting reports and possible deletion of tax numbers.

The authority also changed the reporting rules for the development‑tax credit: companies must now provide data for every tax year from the credit’s application through the last year it was used.