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: Corporate Tax
U.S.-Hungarian double taxation treaty stays canceled
Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the…
Global minimum tax will not affect small businesses in Hungary
Hungary has finally agreed to the introduction of the global minimum tax in the EU. This will make major corporations with a worldwide yearly income over EUR 750 million pay…
Pay your taxes in foreign currencies from 2023
New opportunity to save on taxes in Hungary: If your Hungarian company does most of its business in foreign currencies, you can avoid exchange fees by paying your taxes directly…
Checklist for KATA orphans and KATA 2.0 subjects in September
If you were a KATA subject, you probably had to make some tough decisions over the last month or so. As 1 September, the great watershed is here, let’s have…
Double taxation treaty cancelled between the US and Hungary
Early July, the U.S. canceled the double taxation treaty between Hungary and the U.S. Unless a new treaty is signed over the next year or so, natural persons and entities…