The ongoing coronavirus pandemic has had dire effects on world economy, creating bottlenecks in supply chains, rearranging the labor market, and increasing inflation, with the effects expected to be felt…
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Personal income tax refund for families in 2022
The personal income tax refund for families, first floated in June, has recently been finalized. Anyone raising children in Hungary can expect a refund on their personal income tax paid…
Green taxation trends in Europe boosting the economy
How to boost the economy during recession, like the one caused by the COVID-19 pandemic? Scandinavian countries have found a recipe that has let them remodel their economy: green taxation.
Hungary has agreed to introduce the global minimum tax
We have already discussed plans for the introduction of a global minimum tax. Last week, Hungary agreed to join the convention that aims to set corporate tax at a 15%…
Explore the new small business tax calculator
Every newly registered company in Hungary must choose a tax regime. Is the regular corporate tax or KIVA more beneficial for your company? Check out our new small business tax…
Accounting for the climate crisis
Climate change is happening. But what does accountancy do with mitigating its effects? Accountants are skilled at creating reports and projections, and they can help managers and investors make decisions…