Are you new to business? Or maybe just to flat-rate taxation? Either way, you might wonder how and when you are supposed to first pay the local business tax, since…
Tag: Bookkeeping
Tax audit and compliance audit in Hungary: what is the difference?
An audit is a procedure where the books of your Hungarian company are closely examined to reveal possible mistakes. Beside voluntary audits done by independent contractors, the Tax Authority can…
Taking dividends in Hungary – what to watch out for
As the owner of a Hungarian company, you can use the profit of your company for yourself by taking dividends. Before you can do that, your company will always need…
Dividend in Hungary 101: how much do you get from your company?
When you set up a Hungarian company, you probably expect to make money on it. But how much of the company’s revenue can you actually take for yourself? Learn the…
Who can be my accountant in Hungary?
If you operate a Hungarian company, you will need an accountant to take care of booking incoming and outgoing invoices, do the payroll administration of your employees, and report data…
Year-end closing at your Hungarian company
The end of May is an important time in the life of Hungarian companies. Yearly reports and taxes must be submitted by 31 May. Are you ready for the year-end…