Are you new to business? Or maybe just to flat-rate taxation? Either way, you might wonder how and when you are supposed to first pay the local business tax, since…
Category: Accountancy
What to watch out for when setting up a foreign corporate bank account?
When doing business with foreign clients, it might come in handy if your Hungarian company has a foreign corporate bank account. There is no limitation on the number of corporate…
U.S.-Hungarian double taxation treaty stays canceled
Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the…
Tax audit and compliance audit in Hungary: what is the difference?
An audit is a procedure where the books of your Hungarian company are closely examined to reveal possible mistakes. Beside voluntary audits done by independent contractors, the Tax Authority can…
Pay your Hungarian taxes online through EFER
EFER is a tool with which you can pay your Hungarian taxes online by card. It is constantly under development, so you can already pay most taxes through it relevant…
Changes to flat-rate taxation in 2023
The new year always brings updates to tax regulations. Changes to flat-rate taxation were introduced too, partly in line with the increase to the minimum wage, partly as independent measures…