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…
Category: Accountancy
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.
Revenue cap increased for VAT free business operation in Hungary
As of January 1, 2025, the revenue cap for VAT exemption is increased to HUF 18 million in Hungary. This is great news to small businesses, since price increases of…
What is FEOR in Hungary?
FEOR in Hungary is the standard classification of occupations. You will need it when you report a new hire to the Tax Authority, and it is used to make statistics…