Start-ups and SMEs usually have outsourced accounting. But what are the main benefits, and when does it makes sense to have accountancy in-house instead? There are three main factors to…
Category: Business
Make sure to pay the BKIK contribution for 2021
If you have a business in Hungary, you may have received an e-mail from the Budapest Chamber of Commerce (BKIK) about your yearly contribution. This is a fee that all…
Hungary rejects global minimum tax
The introduction of global minimum corporate tax would be a major update to international tax rules. While the idea has been gaining momentum, some countries are against it. But how…
Subsidiaries and other forms of business in Hungary
A foreigner looking to start a company in Hungary can be perplexed by the many forms of business offered by the country. The most popular one is undoubtedly the Ltd…
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),…