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Welcome to TRM™ Hungary

A global consulting firm specializing in assignments for multi-national companies in assisting them overcome any tax controversies starting at the pre-commencement of a Tax Authority
audit through to tax planning strategy.
 
TRM™ Footprint
* TRM™ has offices & affilate offices in various regions

 
Available Research
 
Workshop Notes

Title:
How to prepare for a Tax Audit
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Research Papers
Title:
2009 TRM Policies & Procedures
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Title:
2009 Global Tax Audit & Controversy Report
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Title:
TRM Strategy: An Analytical Approach
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Latest Articles  
     
Introduction to Hungary

Our team has had numerous engagements in Budapest to assist in preparing for an APEH tax audit. We have worked closely with big 4 firms and a leading Budapest law firm in preparing tax appeal documentation for a tax dispute with APEH.

Our team is in a position to advise USA corporations doing business in Hungary on the complex tax implications in Hungarian Law on CIT, PIT, VAT, Rules of Taxation and Accounting legislation.

The legal landscape in Hungary is based on civil law where form is still more important than substance. However, this is changing in light of the Hungarian Constitution and taxpayer rights.

Corporations doing business in Hungary, must form careful tax strategies to ensure that the large tax unit of APEH (KAIG) does not end up enforcing quick additional tax assessments by simply ignoring some of the emerging and developing law which is now influenced positively by EU Law. Our team is also able to assist South African and UK companies doing business in Hungary.

To make contact with our Hungary tax team email hungary@taxriskmanagement.com or visit our contact page.
 
TRM Advisory insights
TRM Strategy: An analytical approach
The increasing significance of measuring and managing tax risk in any taxpaying corporation is underpinned by the introduction of SOX 404 (and now FIN 48, details are annexed to this document as annexure 1) in the USA. Both these developments emphasize the importance of transparent corporate governance. These developments are also being followed by changes taking place to IFRS world-wide.
more>>>
 
2009 Global Tax Audit & Controversy Risk Management Report
The aim of this report is to demonstrate to organizations that the tax audit process can be streamlined and greatly improved through tried and proven methodology by placing appropriate emphasis on the area of tax risk management. The focus is a pro-active engagement with focus on internal finance department, tax audit firm, legal counsel, and the Internal Revenue Service, supported by a well-defined structured process with the goal to develop a long-term tax risk management plan that identifies and deals with potential tax exposure issues before they become material risks.
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2009 Tax Risk Management Policies & Procedures
Taxpayers tend to be reactive to tax problems and tax risks. This will invariably translate into additional tax exposure through the imposition of penalties and interest and lead to poor relationships with the Revenue Service. One needs to take control of one’s tax environment by being proactive with TRM.
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Upcoming Courses & Workshops (by the International Tax Institute)
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Tax Risk Review Boardroom Series

This unique Tax Risk Management Boardroom Series has been designed specifically for any entity that may be subject to a tax audit (from SME's to all levels of senior management and tax executives or corporations), as well as the professionals who consult and assist these entities.

The series has been split into 5, 2 hour workshops, allowing you the flexibility to attend the entire series.

The workshops in the series are:

1. How to prepare for a Tax Audit
2. How to handle the Tax Audit
3. What is the process after the Tax Audit
4. How to prepare a Tax defense file
5. How to get a positive tax opinion

The Tax Risk Review Boardroom Series is currently being offered in the U.S.A and South Africa.
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Certificate in Tax Administration

The International Tax Institute is proud to present a 12 month Tax Administration course to be lectured by experienced professionals in the Tax profession, under the guidance of tax practitioner Daniel N. Erasmus. Well known Tax Academic and leading Tax Practitioner, Prof Henry Vorster is the external examiner.

The Certificate in Tax Administration is a distance learning certification course, currently offered in South Africa.
more>>>
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Strategic Tax Risk Management
  • Do you know the extent to which your organisation is exposed in multiple tax risk areas?
  • Did you know that effective tax risk management requires a high degree of tax awareness across the entire business and not just in the tax department?
  • Did you know that the strategic management of tax risk goes beyond compliance and presents opportunities to create shareholder value?
  • Strategic Tax Risk Management is a distance learning course, offered internationally.
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Terms & Conditions | End-User License Agreement ("EULA")
© 2009 Tax Risk Management Services & International Tax Institute. All rights reserved.
TRM Services is a global consulting firm (a division of VE Limited) specializing in assignments for smaller businesses and multi-national corporations, world-wide, in assisting them overcome any tax controversies starting at the commencement of a Tax Authority Audit. This website contains information in summary form and is therefore intended for general guidance. It is not intended to be substituted for detailed research or the exercise of professional judgment. Neither TRM Services nor International Tax Institute can accept any responsibility for any loss of what-so-ever nature incurred by any person acting or refraining from action as a result of any material on this website or on any publication eminating from this website, or from TRM Services or International Tax Institute, on any item.