When you have income from interests, normally you pay personal income tax and social security contribution on those. However, if you invest in Hungarian government securities, you may not be…
Category: Taxes
Tax payment notices urging businesses to clear their debts
The Hungarian Tax Authority is now sending notices to businesses if the payments they made for 2022 do not match the amount they were supposed to pay, whether they are…
Hungarian tax residents are responsible for declaring correct data
Recently, the Hungarian Tax Authority has published a press release to remind everyone that Hungarian tax residents must be aware if their income generated abroad is taxable in Hungary too.…
Better fringe benefits for your Hungarian employees in 2023
As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card…
2024 changes to taxes in Hungary
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,…
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…