When you have income from interests, normally you pay personal income tax and social security contribution on those. However, if you invest in Hungarian government securities, you may not be…
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Expected yearly average inflation in Hungary in 2023
Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average…
Tax payment notices urging businesses to clear their debts
The Hungarian Tax Authority is now sending notices to businesses if the payments they made for 2022 do not match the amount they were supposed to pay, whether they are…
Hungarian tax residents are responsible for declaring correct data
Recently, the Hungarian Tax Authority has published a press release to remind everyone that Hungarian tax residents must be aware if their income generated abroad is taxable in Hungary too.…
Better fringe benefits for your Hungarian employees in 2023
As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card…
The National Tourism Data Supply Centre in Hungary goes to full throttle
The National Tourism Data Supply Centre was designed to collect real time data and offer up-to-date statistics of the hospitality sector in Hungary. Registration has been mandatory since 1 November…