NÉTAK gives mothers of four or more children an exemption from paying personal income tax. They will earn more while the employer’s costs related to their salary do not increase,…
Category: Taxes
VAT exemption of non-EU purchases ends in July
If you buy goods from outside the European Union often, you probably know that value added tax and customs duty do not apply to such purchases under a certain value.…
Tax returns in Hungary: the essentials
If you live and work in Hungary, you must file tax returns in Hungary every year. With the 20 May deadline for filing your tax returns for the previous calendar…
Why your tax residency may differ from your address
Taxation is simple if you only have income where you live. However, it gets complicated when you start making money in two countries. By determining your tax residency, you can…
Personal income tax donation: redirect 1% of your PIT to an NGO
Do you have taxable income in Hungary? If yes, you can choose to donate a small part of your taxes to charitable causes. What is best, this is a donation…
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…