In Europe, VAT is a tax on consumption, added to the net price of goods. Standard VAT rates are different in each EU member state and depend on the type…
Tag: Analysis
Wage supplements and overtime in Hungary
When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to…
CSOK Plus and the Hungarian real estate market in 2024
CSOK Plus, the 2024 edition of the Hungarian family housing allowance and prenatal loan program is giving a new boost to the local real estate market. Read on for a…
Forecast coming up about Hungarian economy in 2024
The next few weeks will be quite eventful regarding forming expectations about Hungarian economy in 2024. Key personalities are giving speeches at current events, and statistical data is also expected…
US-Hungarian double taxation treaty canceled – what to watch out for?
The agreement remained in force until 31 December 2023, but now it is not applicable anymore. In response, Hungary has introduced some changes to tax regulations to mitigate the impact.
Wine products no longer subject to representation tax in Hungary
Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the…