When you make your first hire at your Hungarian company, you will need an employment contract to formalize the agreement between you and your employee. Here you can find a quick guide about what to include, as well as some practical advice.
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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 one of your authorized employees) who will need to pay each tax to the Tax Authority.
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The HUF/EUR exchange rate has been through a ride over 2024, but since January, EUR is back under HUF 400. USD is also back under HUF 370 since early March. How is this happening? Read on to find out.
The post HUF exchange rates in Q1 2025 appeared first on Helpers Finance.
The Hungarian government decided to combat inflation by introducing a price margin cap on basic groceries. They have issued a list, and retailers selling items in these categories cannot increase their margin on such items until the cap is in place.
The post Price margin cap to combat inflation in Hungary in 2025 appeared first on Helpers Finance.
After difficulties in 2023 and 2024, Hungarian GDP is again on the rise. The volume of gross domestic product was 0.5% higher in Q4 2024 than in Q3 2024, and 0.4% higher than in Q4 2023. The increase might seem small, but it indicates a turn after a lengthy period of challenges.
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According to the latest surveys, cash remains a strong element of Hungarian economy, while digital payment methods are slowly gaining ground.
The post Cash and digital payment in Hungary appeared first on Helpers Finance.
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 HIPA in Hungarian. It means an additional 2% tax on your net income, depending on where your business operates. Get an overview below. “Local” means …
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You can use your personal money to provide the share capital of your Hungarian company. Once that is done, however, your own money and the company’s money are separate, and you cannot make transfers freely or without proper documentation.
The post Can I put my own money in my Hungarian company? appeared first on Helpers Finance.
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 income limits.
The post Tax brackets in Hungary appeared first on Helpers Finance.
This is good news for multinational companies operating in Hungary, as both their tax and administrative burdens lighten.
The post Global minimum tax 2025: Hungary is a Safe Harbour appeared first on Helpers Finance.