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: Tax Residency
US-Hungarian double taxation treaty canceled – what to watch out for?
The agreement remained in force until 31 December 2023, but now it is not applicable anymore. In response, Hungary has introduced some changes to tax regulations to mitigate the impact.
Hungarian pension tax records accessible online
As part of the electronic administration in Hungary, personal pension tax records are available for review online. With your Ügyfélkapu access, you can log in to the database of the…
Social contribution tax in Hungary: an overview
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate…
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…
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…