The development tax benefit allows Hungarian SMEs realizing certain investments to decrease their corporate tax by up to 80%. The mechanism is simple: you can reduce your corporate tax by…
Category: Taxes
Hungary cuts taxes on cryptocurrencies by 50%
The new regulation features a separate section about cryptocurrencies in the act on personal income tax. What remains unchanged is that you only need to pay taxes when you exchange…
How will your taxes in Hungary change from 2022?
The parliament has recently approved tax cuts in Hungary from 2022. This week, we take a look at the update to regulations, explaining how it will affect your business in…
How does the SZÉP card work in times of Covid?
the government recently had to adjust the corresponding rules due to the economic impact of Covid. But what are these changes are and how long will they be in place?
The OSS at work: VAT rates in the European Union
In line with new regulations, the MOSS (Mini One Stop Shop) will be renamed to OSS (One Stop Shop) and extended to cover a wide range of goods.
Non-EU shipping regulations: VAT and customs duty
Although most of our clients operate in Hungary to be able to trade within the European Union, shipments from outside the EU are important to many of them. If you…