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When will your Hungarian company need to hire an auditor?

Most Hungarian small and medium sized companies do not need an auditor. However, when they grow to a certain size, they will be required by law to hire an auditor to make sure all their books are in order.

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ONYA user guide – how can ONYA help with your taxes in Hungary?

ONYA is the online portal for reporting your Hungarian income and other information relevant to your taxes. While it is available only in Hungarian, it might make your life easier if you are trying to navigate Hungarian taxation on your own.

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NAV-Mobil – the official app of the Hungarian Tax Authority

Do you want to have access to your tax related information on the go? Then the official mobile app of NAV, the Hungarian Tax Authority is for you. For now, the app NAV-Mobil is available only in Hungarian, but it might still be a valuable tool for you.

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Am I obligated to pay for my employee’s commute expenses?

When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible for the reimbursement of their commute expenses.

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VAT rates in Hungary

In Europe, VAT is a tax on consumption, added to the net price of goods. Standard VAT rates are different in each EU member state and depend on the type of goods or services. If you trade internationally, calculating VAT will be an essential part of your accounting and bookkeeping.

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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 you must submit a report every year.

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Wage supplements and overtime in Hungary

When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to time, so it is worth getting familiar with them.

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CSOK Plus and the Hungarian real estate market in 2024

CSOK Plus, the 2024 edition of the Hungarian family housing allowance and prenatal loan program is giving a new boost to the local real estate market. Read on for a summary on the program and its latest impact.

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Forecast coming up about Hungarian economy in 2024

The next few weeks will be quite eventful regarding forming expectations about Hungarian economy in 2024. Key personalities are giving speeches at current events, and statistical data is also expected soon.

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Exemption form work in Hungary

Labor law in Hungary is quite strict about how much time employees must be allowed to rest. They have at least 20 days of paid leave each year, and the law also defines reasons for exemption from work, when the employee still gets paid.

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