When you operate a Hungarian company, you will have to pay business taxes in Hungary. While your accountant can calculate the taxes you need to pay, it is you (or…
Tag: Local Business Tax
Local business tax in Hungary
While corporate tax in Hungary is the lowest in the EU at just 9%, there is another profit tax business owners must keep in mind: the local business tax, or…
Tax brackets in Hungary
Hungary does not have a progressive tax system, so it doesn’t really have tax brackets. However, it offers various tax benefits and preferential tax regimes that are available under certain…
Local business tax: report HIPA for 2023 on the 23HIPAK form by 31 May
Are running a business in Hungary? Then you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, normally…
2024 tax changes affecting businesses in Hungary
A new year has started, and again tax regulations are updated and clarified in Hungary. There are no major tax changes this year, but make sure to read our overview…
2024 changes to taxes in Hungary
Last week the 2024 changes to taxes in Hungary were announced. While the package has a number of tax increases to counter inflation, most taxes directly relevant to doing business,…