2015 changes to the Act on Accounting | KPMG Hungary

2015 changes to the Act on Accounting related to the EU Directive – a summer cocktail

2015 changes to the Act on Accounting

In this issue of our newsletter we take a look at the main amendments to the Accounting Act, promulgated on 3 July 2015.

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In this issue of our newsletter we take a look at the main amendments to Act C of 2000 on Accounting (“the Accounting Act”) which serve the integration of Directive 2013/34/EU (“the EU Directive”) into the Hungarian law. Act CI of 2015 amending the provisions of the Accounting Act was promulgated on 3 July 2015. The amendments shall be applied from the financial year beginning on 1 January 2016; earlier application is not permitted.

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