Since accountancy and bookkeeping is strictly regulated in Hungary, there are also strict rules governing how to correct possible mistakes on invoices. To keep things transparent, you can either create…
Category: Accountancy
Pandemic relief: state aid, modified payroll taxes and unpaid leave rules
While decreasing business volumes caused by the pandemic place an unexpected burden of both employers and employees, various benefits and tax reductions help business owners in Hungary to retain work…
Company modification in Hungary
Whenever the basic data of your Hungarian company are changed, the new data must be registered officially, so all those interested can access up-to-date information in the company registry.
KIVA, the small business tax in Hungary
KIVA, or the small business tax benefits companies in the service industry in Hungary. It is best for companies selling their expertise instead of goods.
VAT deduction in Hungary
When you are buying goods or services in Hungary, their price will most probably contain VAT. However, this VAT may be deducted from the VAT your own company is paying…
Taxing distance selling in the EU
What is distance selling? How is distance selling taxed in the EU? When exactly do I have to register for VAT in the other EU member state? Learn more