NACE, or TEÁOR in Hungarian, is a classification of economic activities that is used in Europe to make statistics about what businesses do and where their income is from. The…
Tag: Compliance
When will your Hungarian company need to hire an auditor?
Most Hungarian small and medium sized companies do not need an auditor. However, when they grow to a certain size, they will be required by law to hire an auditor…
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,…
How to present the ownership structure of your Hungarian company?
You are required to present the ownership structure of your newly created Hungarian company when you are registering it for various services. This is easiest done in the form of…
Summer is the season for temporary work – make sure to declare it
Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare…
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…