You can use your personal money to provide the share capital of your Hungarian company. Once that is done, however, your own money and the company’s money are separate, and…
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Tax brackets in Hungary
Hungary does not have a progressive tax system, so it doesn’t really have tax brackets. However, it offers various tax benefits and preferential tax regimes that are available under certain…
Global minimum tax 2025: Hungary is a Safe Harbour
This is good news for multinational companies operating in Hungary, as both their tax and administrative burdens lighten.
Revenue cap increased for VAT free business operation in Hungary
As of January 1, 2025, the revenue cap for VAT exemption is increased to HUF 18 million in Hungary. This is great news to small businesses, since price increases of…
What is FEOR in Hungary?
FEOR in Hungary is the standard classification of occupations. You will need it when you report a new hire to the Tax Authority, and it is used to make statistics…
NACE update 2025: Rev. 2.1 introduced throughout the EU
NACE, or TEÁOR in Hungarian, is a classification of economic activities that is used in Europe to make statistics about what businesses do and where their income is from. The…