Hungary

Andersen Hungary is a member of the global Andersen network and a highly regarded firm in Hungary, providing a full range of tax and legal services with a growing team of over 50 professionals. With services such as day-to-day tax support, tax planning and due diligence, the firm has a significant client base that includes both multinational corporations and large Hungarian enterprises. Partner Károly Radnai is a key figure at the firm.

The team advised major conglomerates during the research period, all of which are confidential.

The firm hired various advisers during the research period including Blanka Marssó and Péter Deák.

Client feedback

“Good relationship with local authorities, practical advice on interpretation and application of local and EU tax laws.”

“They have actively supported our project by providing constructive comments and ideas based on their experiences. We had the opportunity to ask questions about the study, and they took into account our individual requests and specificities. Their services were very supportive.”

“Andersen Adótanácsadó did well in guiding us through the decision tree which is required to compile a transfer pricing strategy. We really liked their attitude towards work, their experience (both industry and advisory topic) and their speed.”

“Their positive attributes are a professional approach, keeping to the timeline and thinking together during the compilation of the application. They kept continuous contact during the procedure, helped finding the best approaches and arguments based on our needs.”

“Great deal of expertise in the field, professional, reliable, capable of working with tight schedules.”

“Provide a quick, transparent, detailed summary covering all tax items.”

“Very responsive. Give clear, concise and logical advice. Great communication.”

“They have very strong domain expertise, very good references on the field of transfer pricing. A solid team of specialists and they are easy to work with.”

“First of all, I was impressed by how smart the indirect tax team is. They caught very complex topics on the fly and without the need of much investment to explain from the client. Secondly, they are fast and solutions-oriented, making high quality decisions to provide efficient ideas to implement solutions. Finally, they were very clear while explaining the technical arguments to the buyer, playing a critical role in the success of our negotiations with them.”

“They survey managed properly the legal (tax and property rights) object, they could catch the issue quickly and learn the new information. They presentation was smart and managed both the big picture, detailed based structure, no questions remained after their involvement.”

“Excellent level of service in determining the most appropriate transfer pricing methodology for us, given our business structure. Excellent ability to engage with top management and shareholder representatives. Efficient and proactive engagement with key stakeholders, the Ministry of Finance, Hungarian Tax Authority, etc.”

“Timely feedback, respecting the deadline, being open for ideas.”

“Deep knowledge of Hungarian tax issues as related to non-resident clients. Andersen provides a seamless solution to handle compliance for clients.”

“They are punctual, fast with a really good background also in legal questions and other details. That was very sympathetic and they gave the advice that help our decision and their advice was always clear and the most cost efficient for our company.”

“Structured a transparent process. Deep expertise, good communication, pragmatic when needed.”

“Andersen has a very good professional expertise and is extremely client focused.”

“They are proactive, they draw my attention to the changes.”

Andersen Hungary is a member of the global Andersen network and a highly regarded firm in Hungary, providing a full range of tax and legal services with a growing team of over 50 professionals. With services such as day-to-day tax support, tax planning and due diligence, the firm has a significant client base that includes both multinational corporations and large Hungarian enterprises. Partner Károly Radnai is a key figure at the firm.

The team advised major conglomerates during the research period, all of which are confidential.

The firm hired various advisers during the research period including Blanka Marssó and Péter Deák.

Client feedback

“Good relationship with local authorities, practical advice on interpretation and application of local and EU tax laws.”

“They have actively supported our project by providing constructive comments and ideas based on their experiences. We had the opportunity to ask questions about the study, and they took into account our individual requests and specificities. Their services were very supportive.”

“Andersen Adótanácsadó did well in guiding us through the decision tree which is required to compile a transfer pricing strategy. We really liked their attitude towards work, their experience (both industry and advisory topic) and their speed.”

“Their positive attributes are a professional approach, keeping to the timeline and thinking together during the compilation of the application. They kept continuous contact during the procedure, helped finding the best approaches and arguments based on our needs.”

“Great deal of expertise in the field, professional, reliable, capable of working with tight schedules.”

“Provide a quick, transparent, detailed summary covering all tax items.”

“Very responsive. Give clear, concise and logical advice. Great communication.”

“They have very strong domain expertise, very good references on the field of transfer pricing. A solid team of specialists and they are easy to work with.”

“First of all, I was impressed by how smart the indirect tax team is. They caught very complex topics on the fly and without the need of much investment to explain from the client. Secondly, they are fast and solutions-oriented, making high quality decisions to provide efficient ideas to implement solutions. Finally, they were very clear while explaining the technical arguments to the buyer, playing a critical role in the success of our negotiations with them.”

“They survey managed properly the legal (tax and property rights) object, they could catch the issue quickly and learn the new information. They presentation was smart and managed both the big picture, detailed based structure, no questions remained after their involvement.”

“Excellent level of service in determining the most appropriate transfer pricing methodology for us, given our business structure. Excellent ability to engage with top management and shareholder representatives. Efficient and proactive engagement with key stakeholders, the Ministry of Finance, Hungarian Tax Authority, etc.”

“Timely feedback, respecting the deadline, being open for ideas.”

“Deep knowledge of Hungarian tax issues as related to non-resident clients. Andersen provides a seamless solution to handle compliance for clients.”

“They are punctual, fast with a really good background also in legal questions and other details. That was very sympathetic and they gave the advice that help our decision and their advice was always clear and the most cost efficient for our company.”

“Structured a transparent process. Deep expertise, good communication, pragmatic when needed.”

“Andersen has a very good professional expertise and is extremely client focused.”

“They are proactive, they draw my attention to the changes.”

Deloitte Hungary offers a broad range of fully integrated tax and legal services by utilising cutting-edge technological solutions for local and global clients. The tax team is comprised of over 200 tax and legal professionals, including nine partners.

During the research phase, the firm represented a prominent conglomerate on all tax matters that are confidential.

Client feedback

“High level professional expertise, clear and reliable communication.”

“We are very satisfied with Deloitte's work. They understand our business, our needs and work quickly and work reliably under time pressure as well.”

“The supreme court decided to our advantage. Deloitte Legal Hungary's work was characterised by outstanding professionalism.”

DLA Piper Hungary Tax is a strong stand-alone practise with competence in tax and customs law advice on local and international markets, including tax planning, taxation and customs litigation and transactional tax. The group consists of 11 tax advisors and six associates. The practice is co-led by Akos Becher and Levente Torma.

During the research phase, the firm represented a multinational conglomerate in a substantial tax dispute over the applicability of the royalties withholding tax regime to cost-sharing agreements. The team also provided tax advice services to a Lear Group subsidiary in the process of collecting interest on delayed value-added tax refunds.

Gergely Riszter, who has over 25 years of expertise, leads the Budapest Tax team. With the support of Baker McKenzie's global reach, the tax practice in Budapest has already established itself as a recognised tax advisor of choice for tax services ranging from international tax, corporate tax, exchange control, M&A, employees tax and value added tax.

During the research phase, the firm represented a major multinational healthcare corporation in an ongoing tax dispute with the Hungarian Tax Authority. The team also advised a worldwide corporation providing financial services in over 50 countries on the PE risk of employee home office work.

Jalsovszky is renowned for its successful tax practice, which is supported by a group of nine attorneys and two counsels. The team handles challenging issues involving litigation, dispute resolution, tax structuring, indirect tax and transactional tax. The team is headed by partner Pál Jalsovszky.

Recently the firm supported the Szallas Group with legal and tax advice to the client in connection with an M&A transaction in which the client was the target company, emphasising the client's ESOP programme. The team also provided tax advice on Hungarian operations to Bolt Operations, the first European mobility super-app.

During the research period Zsóka Erdősy, an attorney and tax counsellor at LFB Legal, joined the firm. Péter Hosszú, an Apelso Trust attorney and tax counsellor also came on board.

Client feedback

“Good technical and commercial knowledge. Know the client's need and think one step ahead.”

“They did a creative and thorough job quickly and efficiently and were able to keep to the agreed costs.”

“Jalsovszky demonstrated excellent technical depth of understanding of both EU and domestic VAT law. This combined with first-hand experience of taking complex VAT cases to the European Court of Justice, and excellent communication in both Hungarian and English, makes Jalsovszky an excellent partner for any global business seeking to manage VAT complexity and/or controversy in Hungary.”

Lakatos Köves & Partners has provided a wide range of services since its separation from Clifford Chance, including cross-border M&A transactions, cross-border and multi-jurisdictional finance transactions such as syndicated lending, acquisition finance, structured finance, derivative products, retail investment products, real estate acquisitions, development and asset management, exit strategies, VAT planning for cross-border trading and service of documents. Balázs Kántor, the team's tax practice head, is not only a professional tax counsellor but also a qualified lawyer.

During the research phase, the firm supported South Korean-based Soulbrain with all legal and tax issues of its Hungarian operation, including the purchase of a development site from the government-owned National Industrial Park Management and Development Company. The team additionally aided Fitesa Hungary in its discussions with the Hungarian Investment Promotion Agency) on governmental grants related to its Hungarian investment.

Tax boutique firm Tandax Advisory comprises two dedicated tax partners and is highly recommended for its tax practice. It specialises in M&A and cross-border transactional tax, real estate tax, indirect tax, private equity and restructuring. Tamás Knébel and Orsolya Bárdosi are the two partners leading the tax practice.

The team worked on a number of confidential projects for well-known companies throughout the research phase.

The Wolf Theiss team is notable in complex tax litigation and disputes, transfer pricing, APA requests, VAT advisory, personal income tax planning, corporate tax, M&A, tax structuring/restructuring, financial transaction structuring, investment structuring and real estate deals' tax planning. János Pásztor, the head of tax, oversees the group.

The team worked on a number of confidential projects for well-known companies throughout the research phase.

Client feedback

“Best in class in Hungary as to professional approach to multi jurisdiction tax planning.”

WTS Klient is able to assist major domestic enterprises and multinational enterprises with a variety of tax-related matters, including cross-border concerns, thanks to its extensive knowledge of Hungarian tax law. With more than 25 experienced tax professionals, the tax team specialises in assisting clients with VAT, dispute resolution, and private client concerns. The indirect tax unit is headed by firm partner Tamas Gyanyi.

The firm recently provided advice for a Hungarian auto plant’s comprehensive VAT refund procedures in more than 10 nations. Additionally, the team created an online application for a significant automotive component supplier to manage the primary aspects of expat personal income tax filings in numerous jurisdictions.

During the research period Emese Balog, manager of Immofinanz, joined the team along with Robert Stöllinger, board chairman of KPMG.