Although most of our clients operate in Hungary to be able to trade within the European Union, shipments from outside the EU are important to many of them. If you…
Category: Accountancy
IOSS: the VAT system for e-commerce into the EU
Starting from 1 July 2021, VAT will apply to all non-EU purchases. The regulation change will have a significant effect on distance sales into the European Union. In order to…
How and when to register a Hungarian VAT number
To do business in Hungary, you will most likely need a Hungarian VAT number. This number is used for invoicing and taxation purposes: to put it simply, it is what…
KIVA: a small tax for small businesses in Hungary
KIVA is a tax for small businesses in Hungary. As opposed to running an LLC and paying the “regular” taxes (9% corporate tax and various other taxes, especially on payroll),…
How to suspend freelancing under KATA
Other than a popular given name among the ladies, KATA is also an important term when it comes to freelancing in Hungary: it is a special form of taxation for…
Minimum wage in Hungary increases
The recent changes to regulations have increased the minimum wage in Hungary by 4%. The guaranteed minimum salary, another type of minimum pay, has also grown by the same amount.…