After difficulties in 2023 and 2024, Hungarian GDP is again on the rise. The volume of gross domestic product was 0.5% higher in Q4 2024 than in Q3 2024, and…
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Cash and digital payment in Hungary
According to the latest surveys, cash remains a strong element of Hungarian economy, while digital payment methods are slowly gaining ground.
Local business tax in Hungary
While corporate tax in Hungary is the lowest in the EU at just 9%, there is another profit tax business owners must keep in mind: the local business tax, or…
Can I put my own money in my Hungarian company?
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…
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.