Last week the 2024 changes to taxes in Hungary were announced. While the package has a number of tax increases to counter inflation, most taxes directly relevant to doing business,…
Category: Taxes
Social contribution tax in Hungary: an overview
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate…
Tax benefits in Hungary
While personal income tax in Hungary is 15% for everyone, various tax benefits may be applied to that based on age, marital status, and other circumstances. Get an overview of…
Report HIPA (local business tax) for 2022 on the 22HIPAK form by 31 May
If you are running a business in Hungary, you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay,…
It is now possible to pay your local business tax by card in Budapest
If you are running a business in Hungary, you are also paying a local business tax to your local municipality. The next important deadline is 31 May, and if your…
Tax returns in Hungary in 2023
Tax returns season has come in Hungary. If you are a tax resident, you will need to file your personal income tax report by 22 May. These days it is…