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…
Tag: taxes
Hungary cuts taxes on cryptocurrencies by 50%
The new regulation features a separate section about cryptocurrencies in the act on personal income tax. What remains unchanged is that you only need to pay taxes when you exchange…
Hungary rejects global minimum tax
The introduction of global minimum corporate tax would be a major update to international tax rules. While the idea has been gaining momentum, some countries are against it. But how…
NÉTAK: the tax benefit of mothers of four or more
NÉTAK gives mothers of four or more children an exemption from paying personal income tax. They will earn more while the employer’s costs related to their salary do not increase,…
VAT exemption of non-EU purchases ends in July
If you buy goods from outside the European Union often, you probably know that value added tax and customs duty do not apply to such purchases under a certain value.…
Tax returns in Hungary: the essentials
If you live and work in Hungary, you must file tax returns in Hungary every year. With the 20 May deadline for filing your tax returns for the previous calendar…