View the collection of Deloitte in Hungary press releases.
| Reducing administrative burdens by a centrally prepared transfer pricing documentation |
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07 July 2008 |
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Budapest, 7 July 2008 – For most companies, the last day of May was not only the deadline for filing tax returns but also for meeting their transfer pricing documentation obligation. Deloitte's experience suggests that more and more Hungarian companies wish to comply with their obligation to prepare transfer pricing documentations by using documentations prepared centrally by their foreign parent company that are often prepared pursuant to the so-called Master File concept. When applying the concept in Hungary, enterprises should also bear in mind the domestic regulations that tend to be extremely severe when compared to the rest of... |
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| Food retailers and manufacturers face a dilemma as food prices continue to rise |
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03 July 2008 |
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Budapest, July 3, 2008 – As higher commodity prices become ‘the new normal’ rather than a temporary peak, we may see a greater impact on consumer behaviour and retailer and supplier strategies than has been apparent so far, according to a new report, “Food and Beverage 2012 – a taste of things to come”, from Deloitte Touche Tohmatsu. While current food commodity prices may come down from their current peaks, the rises already seen in the real cost of food represent a permanent step change. With consumers also being impacted by higher energy costs, economic uncertainty and a reduction in the... |
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| Manufacturers feel the heat over emerging market sourcing |
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26 June 2008 |
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Budapest 26 June, 2008 — Heightened publicity over product recalls has made product safety, as well as product quality and environmental standards, in emerging markets a hot-button issue. According to a new “Innovation in Emerging Markets” annual study by the Deloitte Touche Tohmatsu (“Deloitte”) Global Manufacturing Industry Group, boards of directors, senior management, and investors of global manufacturers across industry sectors are sitting up and taking notice. Roughly two-thirds or more of both developed market and emerging market executives surveyed by Deloitte said that over the last... |
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| Private Equity – Proceeding with caution |
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19 June 2008 |
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Budapest – 19 June, 2008 — In line with the global sentiment in the private equity industry, the confidence of private equity professionals in Central Europe has fallen recently, something that is reflected in the Deloitte Central Europe Private Equity Confidence Survey. But while private equity practitioners may be less confident in the short term, Béla Seres, Financial Advisory Services Leader for Deloitte Hungary says that Deloitte expects strong medium-term growth in activity in Central Europe driven by the substantial number of new global name entrants to the Central European market and the... |
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| Deloitte warns of 10 pitfalls of EU tenders |
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12 June 2008 |
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Budapest, 12 June 2008 – It is the shared interest of both the issuers of EU tenders and the applicants to use all potential resources with maximum efficiency. Deloitte experts, however, drew attention to the fact that a good application was not enough for success. Detailed and comprehensive planning was required, since even well prepared applications might be rejected due to a few minor mistakes. Furthermore, problems may show up years after spending the grants. With respect to public and municipality tenders, Róbert Reiniger, director of Deloitte's Environmental Consulting business line, explained that significant... |
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| Dóra Markovits HR head of Deloitte's Budapest office |
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09 June 2008 |
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Budapest, 9 June 2008 – A new leader has taken over the management of the HR Department at Deloitte Hungary recently. Dóra Markovits arrived at Deloitte from Xerox, where she had worked for eleven years in the field of human resources. In this position Ms. Markovits is replacing Katalin Holló, who will from now on assist the regional management in strategic HR projects. Dóra Markovits, new HR head at Deloitte in Hungary, was previously responsible for the development of HR processes at Xerox. Then, as a member of the company's top management, she worked as the head of the HR Department in the... |
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| Impact Day – for the fourth time |
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06 June 2008 |
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Budapest, 6 June 2008 – On 6 June, for the fourth time this year, almost 200 Deloitte employees spent a whole day outside the office, doing volunteer work. On Impact Day suits were replaced by heavy-duty clothing, and the Deloitte working teams were plunged in work repainting chairs in schools, creating sand-boxes and teaching special classes to children at six locations. Péter Oszkó, Chairman and CEO of Deloitte Hungary, who also participated in the event, told us: The key message of Impact Day is that the Deloitte employees feel real responsibility for their surroundings, and are happy to take part in its... |
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| Transfer prices |
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04 June 2008 |
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Budapest – 4 June 2008 Deloitte conducted a survey about transfer pricing with the involvement of approximately 90 companies. The aim of the survey is to find out whether domestic enterprises are adequately prepared for transfer pricing audits, whose importance has recently increased in APEH's audit practices, and whether they are aware of the requirements regarding the form and content of the special transfer pricing documentation. According to three quarters of the respondents the most important tax risks facing companies are related to transfer pricing. István Veszprémi, a partner at Deloitte Ltd's... |
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| István Veszprémi, a new partner at Deloitte Hungary |
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02 June 2008 |
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Budapest, 2 June 2008 – as of 1 June 2008 István Veszprémi, Deloitte's tax expert, continues his work as a partner at the company. As a director in the last couple of years he participated in the management of the Hungarian tax practice; he is the tax FSI industry leader, and is responsible for the management of the tax consultancy business line related to mergers and acquisitions (M&A). Mr. Veszprémi is currently known as one of the top tax advisors in Hungary. His primary fields of expertise at Deloitte are tax consultancy related to corporate income tax, value added tax and transfer pricing issues in case of... |
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| European football market grows by €1 billion in 2007 |
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29 May 2008 |
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Revenues for the ‘big five’ European football leagues have exceeded €7 billion for the first time according to the latest Annual Review of Football Finance from the business advisory firm, Deloitte. The overall size of the European football market has grown to €13.6 billion in 2006/07, up €1 billion from the previous season. Dan Jones, Partner in the Sports Business Group at Deloitte, commented: “Revenue from the ‘big five’ European leagues grew by more than €0.4 billion (6%) to exceed €7 billion for the first time in 2006/07, representing more than half (52%) of the... |
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