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…
Tag: Business Planning
New price control measures introduced in Hungary to ease inflation
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support…
Inflation decreasing, core inflation increasing in Hungary in Q1 2023
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
HUF getting stronger at the end of Q1 2023
When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger,…
Uncertainties in the banking world – is 2008 repeating?
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry…
Vehicle tax payment deadline coming up
If you or your Hungarian business owns a motor vehicle registered in Hungary, you must pay vehicle tax twice a year, by 15 March and 15 September. This tax is…