by Tímea Kocsis | Aug 3, 2021 | Uncategorized
There are different rules in the VAT Act for the provision of services and separately for the sales of products. If you do business in Hungary, you should be aware of this. What are product sales? Product sales are when we acquire a tangible product, good,...
by Tímea Kocsis | May 30, 2021 | Uncategorized
To start a business in Hungary, you need to look at a number of aspects in order to choose the most appropriate form of company, the most optimal form of taxation, and the best location. In addition, the type of the service to be provided by the prospective company...
by Tímea Kocsis | Apr 27, 2021 | Uncategorized
Do I need to make a personal income tax return and when? If you are resident in Hungary and you had income in Hungary during the year, then yes, you have to submit a tax return. The submission deadline: 20th May of next year. What kind of incomes are taxable in...
by Tímea Kocsis | Feb 10, 2021 | Uncategorized
You have a business in Hungary and you are an SME company in Hungary? If yes, this is may be very important for you. It is not too late to request the 1% benefit of Local Business Tax for 2021. The Hungarian State reduced the Local Business Tax to be paid for 2021...
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...
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