by Tímea Kocsis | Feb 1, 2021 | Uncategorized
As of 1 January, 2021, there are only a few tax changes that apply to employees, surprisingly compared to previous years. From 1 January 2021, the gross minimum wage was HUF 161,000 and the gross guaranteed minimum wage was HUF 210,600. According to decision of the...
by Tímea Kocsis | Sep 8, 2020 | Uncategorized
Do you have a business in Hungary or are you planning to start a company here? Then this is very important information for you. In Hungary, the corporate income tax is uniquely low in Europe, it is only 9%! Taxpayers with business activities in Hungary pay corporate...
by Tímea Kocsis | Sep 8, 2020 | Uncategorized
What is an accrued loss? Losses incurred in previous years are called accrued loss. It is important to note that profit before taxes and accrued loss are generally not equal. How is the accrued loss incurred? According to the Accounting Act (Act LXXXI of 1996 on...
by Tímea Kocsis | Sep 8, 2020 | Uncategorized
If you do business in Hungary, it is very important to know what costs are deductible and after which VAT is not deductible. If you have a business relationship not only with an EU country or a 3rd country, but also with a domestic, i.e. Hungarian, activity, then...
Recent Comments