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…
Category: Accountancy
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…
Selling services – when to charge VAT?
Whether your services are subject to VAT depends on who your customers are and where they are located. Since the applicable VAT rate also depends on the kind of services…
How does the SZÉP card work in times of Covid?
the government recently had to adjust the corresponding rules due to the economic impact of Covid. But what are these changes are and how long will they be in place?