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…
Tag: Corporate Tax
Hungary has agreed to introduce the global minimum tax
We have already discussed plans for the introduction of a global minimum tax. Last week, Hungary agreed to join the convention that aims to set corporate tax at a 15%…
Explore the new small business tax calculator
Every newly registered company in Hungary must choose a tax regime. Is the regular corporate tax or KIVA more beneficial for your company? Check out our new small business tax…
Local business tax: how much do you need to pay?
At 9%, Hungarian corporate tax is one of the lowest in the European Union. However, depending on its registered seat, your Hungarian company will very likely to pay local business…
Development tax benefit for your Hungarian SME
The development tax benefit allows Hungarian SMEs realizing certain investments to decrease their corporate tax by up to 80%. The mechanism is simple: you can reduce your corporate tax by…
How will your taxes in Hungary change from 2022?
The parliament has recently approved tax cuts in Hungary from 2022. This week, we take a look at the update to regulations, explaining how it will affect your business in…