Start-ups and SMEs usually have outsourced accounting. But what are the main benefits, and when does it makes sense to have accountancy in-house instead? There are three main factors to…
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Local business tax: how much do you need to pay?
At 9%, Hungarian corporate tax is one of the lowest in the European Union. However, depending on its registered seat, your Hungarian company will very likely to pay local business…
Invoicing in Hungary: e-invoice, PDF, or paper invoice?
If you run a business, you are probably familiar with the basics of invoicing and know what to write on an invoice. But are e-invoices, PDF invoices or paper invoices…
Issuing invoices in Hungary: reverse charge on VAT
Most business owners in Hungary are used to issuing and receiving invoices with value-added tax. When such an invoice is issued, the buyer must pay the gross amount, and later…
Home office vs. telework in Hungary: rights and obligations
the terms home office and telework are often used interchangeably in Hungary, they refer to different concepts. You should be aware of the difference and the implications for you as…
Make sure to pay the BKIK contribution for 2021
If you have a business in Hungary, you may have received an e-mail from the Budapest Chamber of Commerce (BKIK) about your yearly contribution. This is a fee that all…