The Hungarian National Bank has just published its latest data on cash usage in Hungary. There are currently 725 million HUF bank notes and 2.6 billion HUF coins in use, worth HUF 9.125 billion in total. The most popular pieces are the HUF 20,000 notes and the HUF 5 coins, so the pieces of the highest and lowest value.
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All good things come to an end. When your Hungarian business operation has run its course, you can officially close your business through a process called liquidation. In some cases, you can opt for simplified liquidation and the procedure can be completed simply by your accountant – learn when.
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Many of those Hungarian businesses that are allowed to issue receipts instead of invoices are in fact required to issue those receipts with cash register machines. Read on to learn how this works in Hungary, and how to decide if you should be using a hardware-based cash register.
The post Who needs a cash register in Hungary? appeared first on Helpers Finance.
Starting from September 15, new and stricter rules have been introduced regarding EU VAT invoices. If you have customers from other EU member states, read on to learn what changed and what you should watch out for.
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Just two weeks ago, the Hungarian Forint made headlines due to growing stronger against USD. Right now, after the latest Fed announcement, HUF is stronger than anytime over the last three and a half years at around HUF 330.
The post Hungarian Forint continues strong against USD appeared first on Helpers Finance.
If you need cleaning and similar services for your business, you will need to contract a provider. However, if you need this type of work done at your home, you can engage domestic workers and save on taxes. Certain types of domestic work are not taxed in Hungary, although the work itself must be reported to the Tax Authority.
The post Employing domestic workers in Hungary appeared first on Helpers Finance.
Last Friday, HUF got to its strongest against USD in two years with an exchange rate as low as HUF 334.6. While this is mostly due to the international decline of USD, HUF did get stronger against EUR and CHF too because of a generally good political climate.
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As of July 2025, a new option is available to sellers who are issuing receipts instead of invoices: through a dedicated app, they can easily create and immediately report receipts. At the same time, customers may now also use an app to receive receipts, this way reducing paper waste and easily storing e-receipts for future reference.
The post Introducing E-receipts: another step towards digitalization in Hungary appeared first on Helpers Finance.
Hungary has been making great efforts towards digitalizing administrative processes, including reporting sales and income. As the next step, two new IT tools have been introduced to promote paperless solutions for creating receipts. The below article will discuss receipts in Hungary, and in our next article we will talk about the new solutions.
The post What is the difference between invoices and receipts in Hungary? appeared first on Helpers Finance.
While the family tax benefit is being increased from July, eligibility for the tax benefit of mothers of four or more is narrowed down. As a result, payroll specialists need to pay extra attention to calculating taxes for employees this month, while the July take-home-pay of some employees will change in Hungary.
The post Changes to family related tax benefits in Hungary in July 2025 appeared first on Helpers Finance.