Green tax
Having the opportunity is not enough, you need to utilize it! - Optimization of environment protection fees (i.e. green taxes)
How EY can help
Based on our experience, companies are overpaying their green taxes.
The Hungarian green tax legislation offers several opportunities that can lead to significant tax savings. Companies usually do not review their logistics processes from a green tax point of view; thus, in many cases they pay more green taxes than necessary. Moreover, they face significant administrative difficulties, as well.
With careful planning, significant financial and administrative benefits can be achieved in green tax.
Recently, green tax is in focus of tax audits. The tax authority investigates companies based on the data available to them (e.g. Intrastat reports, online invoicing) and this way the tax officers are more effectively identifying the potential green tax liabilities and risks. In addition, green tax shortages may also lead to VAT shortages (as green tax is part of the VAT base).
Our team of experts has comprehensive professional and practical experience in the field of green tax. We can offer solutions that can help you in optimizing your green tax liabilities (tax payments, administration).
Examining opportunities for optimization
- Analyzing current and future green tax savings available for you, while also considering and identifying the past saving opportunities;
- Reviewing your processes and products portfolio in order to ease the related administrative burden;
- Delivering a short summary on the applicable saving opportunities, as well as the available administrative optimizations.
We are providing comprehensive assistance during the implementation of the available optimization solution(s). Among other, we will help you in:
Practical implementation of opportunities for optimization
- Optimizing your green tax liabilities if you are implementing new processes or introducing new products;
- Mapping your products and transactions from a green tax optimization point of view;
- Correcting and optimizing your existing flows and procedures (if needed) and list our suggestions that can reduce the administrative burden and result in cash-flow benefits;
- Project management and liaison with the competent authorities, in order you can implement the selected methods with the lowest administrative burden.
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