March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
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Revamped form 2358 makes reporting easier for flat-rate taxpayers
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the…
HUF getting stronger at the end of Q1 2023
When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger,…
The essentials of corporate tax in Hungary
Are you planning to set up a Hungarian company? Then learn the basics of Hungarian taxation. Corporate tax will probably be a major part of the taxes to pay, even…
Uncertainties in the banking world – is 2008 repeating?
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry…
Vehicle tax payment deadline coming up
If you or your Hungarian business owns a motor vehicle registered in Hungary, you must pay vehicle tax twice a year, by 15 March and 15 September. This tax is…