The Hungarian bank accounts of the companies are automatically registered in the company database by the local banks. A new law prescribes to register the foreign bank accounts as well, until 31 January. This has to be done by the companies. The details of the bank accounts opened abroad, including the date of opening, have to be reported on the form 18T201T. Every future change in the data have to be filed within 15 days.
Missing the deadline may cause penalty.
For further details, contact your accountant or us.