A new year has started, and again tax regulations are updated and clarified in Hungary. There are no major tax changes this year, but make sure to read our overview…
Category: VAT
Hungarian Tax Authority conducts more tax inspections
The number of yearly tax inspections conducted by the Hungarian Tax Authority has been steadily increasing over the past few years. The most popular tax inspected continues to be VAT,…
Taxes in Hungary 2023
As the end of the year is creeping closer, it is worth starting to prepare for the new year. January is traditionally the season for the introduction of new tax…
5 things to watch out for as a freelancer under flat-rate taxation
Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules…
Trading with the UK after Brexit
Since the UK has left both the European Union and the Customs Union, the UK is now officially a third country. In line with this, trading regulations has changed radically…
Issuing invoices in Hungary: reverse charge on VAT
Most business owners in Hungary are used to issuing and receiving invoices with value-added tax. When such an invoice is issued, the buyer must pay the gross amount, and later…