corporate tax base – how to determine it

corporate tax base – how to determine it

by | 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%! Companies in Hungary pay corporate tax on their earned income,...
The formation and the use of accrued loss

The formation and the use of accrued loss

by | 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...
VAT deduction rules in Hungary

VAT deduction rules in Hungary

by | 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...