![tax_Committee](/sites/default/files/inline-images/Creatives%20from%20September%202023%20%2819%29.png)
Join us for AmCham's Open Tax Committee on January 17, 2024, as we delve into crucial topics reshaping Hungary's tax landscape. The event is organized online.
This roundtable discussion will focus on two pivotal aspects:
Extended Producer Responsibility (EPR):
Last year a new obligation for products classified as circular products (e.g. packaging, electrical equipment, motor vehicles, batteries, paper for advertising, etc.) was introduced. Companies needed to set up a new administrative process and comply with the new extended producer responsibility (EPR) fees that were significantly higher than the green tax rates which were due in the past two and a half decades.
Regarding EPR we will discuss the following topics:
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Challenges of the new system for organisations
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How the outburst of related costs were handled
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EPR optimization options
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Packaging
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Data reporting experiences
Carbon Border Adjustment Mechanism (CBAM):
In 2023, the EU introduced the so-called Carbon Border Adjustment Mechanism which entered into force on 1 October 2023. Companies that import CBAM goods (cement, steel and iron, fertilizers, aluminum, hydrogen and electricity) in Q4 2023 are obliged to submit the first report by 31 January 2024. Until 2026 calendar quarters must be covered by similar reports and from January 2026 CBAM quotas will need to be purchased by the relevant companies.
During the Committeee meeting we will focus on the following key topics related to CBAM:
- Challenges with the registration
- What to report
- Relationship with third country suppliers
- Who is to report
Event details:
Date: January 17, 2024
Time: 14:00-15:00
Online event
Platform: MS Teams
The access link will be shared with all registered guests 24 hours before the event.
The language of the meeting is Hungarian!
Participation is free for AmCham members.
This session aims to provide a comprehensive understanding of these frameworks, their potential effects on company taxation, company experiences, and compliance measures.
More details will follow soon!
Continental
Robert Bosch Kft.
Andersen
Managing partner
Andersen