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Baker Tilly Hungaria reports recent successes

February 21, 2013 Leave a comment

The following press-release by Ferenc Kölber, a partner in Baker Tilly Hungária, underscores our observation made recently in these columns that finally the profession is growing again in Central Europe. He writes:

Baker Tilly Hungária is pleased to announce recent successful collaboration with member firms. These included a number of payroll, accounting outsourcing, tax advisory and compliance services assignments.

As a result of these tenders, Baker Tilly Hungária reached a milestone of 1,000 people on outsourced payroll. A new payroll outsourcing service for a manufacturing entity of a large international client helped these figures. This client employs 300 staff in Hungary, generating approximately €28,000 in annual revenue for the firm. However, the firm is hoping to soon exceed this milestone with tenders for payroll of 140 and 1,400 staff also underway, the latter is for a client currently being served by Baker Tilly Czech Republic.

Ferenc Kolber of Baker Tilly Hungária also recently led a successful tender for the tax advisory and compliance service for Olajterv, an international oil and gas company, across 24 countries. The development of a strong offering resulted in this substantial win with Poland already transitioned with full scope accounting and payroll services together with tax advisory and work in Libya and Kazakhstan commencing.

Baker Tilly Hungária believes the success of these tenders resulted from the close working relationships and the quality of service delivered by member firms. This has created opportunities for referrals in other countries as well as the ability to participate in larger tenders for international clients.

Contact details to Ferenc and all other partners of Baker Tilly International member firms can be found on their worldwide directory page .

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Baker Tilly Slovakia Tax Alert February 2013

February 13, 2013 1 comment

TAX ALERT | SLOVAKIA
February 2013		 Baker Tilly
The most significant changes to the taxation of individuals from the start of year 2013:1. Personal tax allowances for spouse– From 1st January 2013, the spouse allowance is possible to apply only if the spouse living with taxpayer in common household is:
- taking care of a dependent child, or
- receiving a cash allowance for nursing, or
- unemployment registered and is actively seeking a job, or
- considered a disabled individual or a severely disabled individual.2. Tax allowance related to voluntary contributions to II. pillar – until the 31st December 2016 taxpayers may apply as a tax allowance the amount of voluntary contributions to pension, this amount is 2% of the taxpayer´s tax bases from active income, i.e. income from employment and from business. This amount should not exceed 2% of 60-times average monthly salary reported by Statistics Office of the SR two years previously.

3. Tax bonus – the tax bonus should be apply only by taxpayer, who in the period reached 6 times the minimum wage only from active income, i.e. income from employment and from business. The tax bonus should not be applied by taxpayers who earn only rental income.

4. The lump-sum expenses from business income – changes in the implementation of lump-sum expenses in 2013:
- the lump-sum expenses could be applied to the annual maximum amount 5.040€,
- the lump-sum cannot be applied to rental income,
- authors who contribute to the newspapers, magazines or to the television can decide whether they prefer their honorarium already taxed by withholding tax or an honorarium in the total amount with the possibility to apply real expenses or lump-sum expenses and with the duty to charge social and health insurance.
Bratislava
Eva Belková
Managing Director
Karadžičova 16
821 08 Bratislava
Slovak Republic
Tel: +421 250 203 302
Email: ebelkova		 Bratislava
Vladimír Bartoš
Head of Accounting Department
Slovak Tax Advisor
Karadžičova 16
821 08 Bratislava
Slovak Republic
Tel: +421 250 203 304
Email: vbartos
Disclaimer: The information contained in this material is general and does not provide a comprehensive analysis of these topics. Despite the fact that we try to ensure the timeliness and accuracy of the information contained in this material, we cannot guarantee that it will still be valid on the date it is read. Therefore users of this information should not base any business or investment decisions on it without first discussing the matter with a professional advisor. Our initial consultation is free.Privacy & Disclaimer Feedback
Baker Tilly Slovakia Accounting s.r.o. and Baker Tilly Slovakia Audit s.r.o. are independent member firms of Baker Tilly International which is the world’s 8th largest accountancy and business advisory network by combined fee income of its independent members. Baker Tilly International member firms specialise in providing accountancy and business advisory services to entrepreneurial, growing businesses and mid-market corporates worldwide.
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Baker Tilly International Reports Revenue Growth of 3% to US$3.3bn

February 8, 2013 1 comment

31 Jan 2013

Baker Tilly International today reported annual revenues of US$3.3bn for the financial year ending 30 June 2012, a year-on-year increase of 3%.

“This is a strong performance in what remains an uncertain trading environment in many markets, and continues our impressive track record of growth over our 25 years of operations,” said Geoff Barnes, CEO and President of Baker Tilly International. “The results were affected by a number of factors including improvement in some mature markets, as well as in a range of developing economies.

“Despite on-going uncertainty and volatility in some markets, especially within the Eurozone, Europe performed well in 2012 with growth across a spread of countries. This contributed to a combined increase of 8% for EMEA.

“In 2012 – as in 2011 – emerging markets were the story. Asia Pacific led the way, reporting a 30% rise in revenues,” said Barnes. “Baker Tilly China was the stand-out performer, in part due to a large increase in the provision of audit-related services in response to the expansion of the Chinese capital markets.

Geoff Barnes, CEO, addressing senior partners of Baker Tilly member firms in the Great Hall of the People, Beijing

Geoff Barnes, CEO, addressing senior partners of Baker Tilly member firms in the Great Hall of the People, Beijing

“In Latin America, revenues rose 14% as our member firms responded to a surge in demand for a range of services from both ambitious domestic businesses and international companies looking for opportunities across the region.

“However, we are also excited by the potential in Africa, and continued development in the Middle East. We have welcomed five new members firms to the network last year from these areas. Increased investment – particularly in Africa – is very much on our agenda. We are continually assessing the changes that are occurring in the marketplace to ensure that we have the necessary resources and capabilities in locations that are of strategic importance to the future of our clients.

“We have an ambitious strategy to continue to grow and strengthen our operations across the continent, which is seeing increased activity by multinational businesses looking to capitalise on its enormous potential especially in sectors including the extractive industries, telecommunications and consumer products. They are looking for first class advice and help on the ground, and we are keen to meet that need.”

Regional breakdown:

  • Asia Pacific US$0.64bn (+30%)
  • Latin America US$0.07bn (+14%)
  • Europe, Middle East & Africa US$1.22bn (+8%)
  • North America US$1.39bn (-10%)


Service line breakdown:

  • Audit US$1.24bn (+8%)
  • Accountancy US$0.53bn (+4%)
  • Taxation US$0.87bn (+2%)
  • Consultancy US$0.68bn (-4%)
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Romanian Property Evaluation – December 2011

December 23, 2011 Leave a comment

Baker Tilly Klitou sent us this important reminder for those with assets in Romania

pevbtk.jpgDear Associates,

With regard to the upcoming year closing, according to the Order 3055 / 2009 for approving the Romanian Accounting Regulations, we kindly inform you that you have to perform an assessment of the tangible assets owned by the company.

Furthermore, according the art. 253 of the Law 571 / 2003 regarding Fiscal code with subsequent changes, the legal entities are required to compute and pay taxes on the buildings owned, as follows:

· between 0,5% and 1,5% of the value of the building, if the owner has performed at least an evaluation of the buildings in the last 3 fiscal years;

· between 10% and 20% of the value of the building, if the owner has not made any evaluation of the buildings in the last 3 fiscal years;

· between 20% and 40% of the value of the building, if the owner has not made any revaluation of buildings in the last 5 fiscal years.

Should you need to perform an evaluation of buildings owned by the company, so that the level of taxes payable by the company for the buildings owned to be ranked between 0,5 and 1,5 of the value of the building, please send your requests back to us to the address info

Baker Tilly Klitou is an independent member of Baker Tilly International which is a global network of high quality, independent accountancy and business services firms, all of whom are committed to providing the best possible service to you, wherever you needs help, in Romania and across the world.

Baker Tilly Klitou is member of Romanian Chartered Accountants Body (CECCAR), member of Romanian Chamber of Tax Advisors (CCFR), member of Romanian Chamber of Auditors (CAFR), as well as member of Romanian Evaluators Association (ANEVAR).

Our team includes qualified professionals able to provide full range of accounting and payroll services, tax consulting, audit as well as evaluation of properties.

Should you need further clarifications regarding the aforementioned information, our consultants are at your disposal.

BEST WISHES FOR A HEALTHY AND PROSPEROUS 2012!

Victor Papala

Senior Manager
Baker Tilly Klitou Romania

December 2011
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Pdfcasting: Baker Tilly Klitou Romanian Tax Monthly August 2011

September 8, 2011 Leave a comment

Neacşu's Letter, written in 1512, is the oldes...

The oldest document in the Romanian language - it stays the same but the tax laws change every few months!

Baker Tilly Klitou sent us their latest Romanian tax alert.

Dear Quoracy.com subscribers,

Please find enclosed Baker Tilly Klitou Tax Alert for the period of August 2011 in English and Romanian language.

The purpose of this Tax Monthly is to inform you about the latest tax legislation changes that could have a major impact on your company’s activity.

In case you need additional information or comments are necessary please do not hesitate to contact us.

If you do not wish to receive further news updates, please let us know or unsubscribe by clicking the link below, at the end of this e-mail.

Kind regards,

Nadia Oanea

Tax Manager

Bucharest Office
52, Splaiul Independentei,
Bucharest, Romania
Tel: +40-21-3156100

Fax: +40-21-3156102
E-mail: mailto:nadia.oanea

Tax Monthly_August_ 2011_EN.pdf
Tax Monthly_August_ 2011_RO.pdf

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Business and Tax Newsletter Hungary 3/2011

April 5, 2011 Leave a comment

Budapest old turkish bath

...fantastikos hely...

Baker Tilly Hungaria have sent out their March business and tax newsletter:

Tisztelt Hölgyem/Uram,

 

A Baker Tilly Hungária megjelentette legújabb „Business & Tax Newsletter” című kiadványát, melyet

a következő linkre kattintva tekinthet meg (a „Hírlevelek” boxban): Newsletter 3/2011

 

Hírlevelünk témái:

  • Forrásadó kötelezettséggel kapcsolatos határidők
  • A NAV ellenőrzési irányelvei
  • Kettős adóztatást elkerülő egyezmények

 

Hírlevelünk Acrobat Reader szoftverrel olvasható, mely ingyenesen letölthetõ a következõ helyről:
http://www.adobe.com/products/acrobat/readstep2.html

 

Amennyiben hírlevelünket hasznosnak találja, és szeretné, hogy mások is megkapják, vagy a jövőben

nem szertné, hogy hírlevelünket megküldjük Önnek, akkor kérjük, ezt a newsletter@bakertillyhungaria.hu

címre küldött e-mail-ben jelezze.

 

——————————————————————————————————————————————————-

 

Dear Sir / Madam,

 

Baker Tilly Hungária issued its latest „Business &Tax Newsletter” which can be accessed by clicking on the following link

(in the „Newsletter” box): Newsletter 3/2011

 

 

The main topics covered therein are:

  • Deadlines relating to withholding tax liabilities
  • Audit Guidelines of NAV (National Tax and Customs Administration)
  • Double tax treaties

 

Our newsletter can be read with Acrobat Reader which is downloadable by clicking on the following link:

http://www.adobe.com/products/acrobat/readstep2.html

 

If you found our newsletter useful and would like to include anyone else on, or would like to remove

your e-mail address from our mailing list, please notify us at newsletter@bakertillyhungaria.hu.

Üdvözlettel / Best regards,

 

Baker Tilly Hungária

independent member of Baker Tilly International

 

Address:  H-1016 Budapest, Zsolt u. 4., Hungary

phone.:    +36  1 225 34 90

fax:         +36  1 225 34 91

e-mail:     newsletter@bakertillyhungaria.hu; info@bakertillyhungaria.hu

web:        www.bakertillyhungaria.hu

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Baker Tilly International publishes Global Report

March 22, 2011 1 comment

A Canada Goose flying at Burnaby Lake Regional...

Baker Tilly International, the eighth largest accountancy network in the world, has just published its latest Global Report on its website:

http://www.bakertillyinternational.com/web/publications.aspx

On that page you will find other country guides and newsletters to help your business ventures around the world.

We applaud the spirit of openness and partnerliness that underlies this free sharing of valuable information.

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Seminar Baker Tilly CZ and Contract Administration

January 10, 2011 1 comment

Václav Klaus, president and former prime minis...

Even if you love the Czech Government, you still don't want to pay them too much! Contract Administration and Baker Tilly will help.

The following invitation to a free Czech language seminar on annual returns for personal income tax in the Czech Republic comes from the prestigious payroll firm Contract Administration and Baker Tilly Czech Republic. Let your Czech payroll people know about it!

Vážená paní, Vážený pane,

tímto bychom Vás rádi pozvali na náš seminář zaměřený na daň z příjmů fyzických osob a roční zúčtování s důrazem na změny, které v této oblasti nastaly 1. ledna 2011.

Seminář se uskuteční v Praze 26. ledna 2011 a bude prezentován našimi specialistkami na daně a personalistiku.

V příloze naleznete pozvánku s dalšími informacemi. Pokud budete mít zájem, potvrďte prosím svoji účast do 21. ledna 2011.

S přátelským pozdravem,

Lucia Ráblová
Head of Tax
Registered Tax Advisor

Baker Tilly Czech Republic
http://www.bakertillyczech.cz

Tel: +420 542 425 823

Fax: +420 542 425 822

Email: lrablova@bakertillyczech.cz

Invitation_26.1.2011_cz.pdf

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