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…
Category: Accountancy
Minimum wage in Hungary in 2023
Last updated on 11 October 2023. The Hungarian minimum wage has just been increased with ca. 15% for 2023, which will affect not only payroll costs, but also various other…
FTX bankruptcy and effects on crypto trading around the world
FTX is one of the largest international platforms for crypto trading – at least it was until recently. After a scandal related to loans provided to Alameda research, FTX filed…
Interest rate cap in Hungary steers investment toward government bonds
At the end of November 2022, an interest rate cap was introduced on Hungarian deposits above HUF 20 million in order to redirect investment toward government bonds. This is one…
Taxes in Hungary 2023
As the end of the year is creeping closer, it is worth starting to prepare for the new year. January is traditionally the season for the introduction of new tax…
5 things to watch out for as a freelancer under flat-rate taxation
Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules…