The Hungarian minimum wage has just been increased with ca. 15% for 2023, which will affect not only payroll costs, but also various other tax items tied to the minimum wage. Read on to find out which of these will matter for your Hungarian business.
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Hungary has finally agreed to the introduction of the global minimum tax in the EU. This will make major corporations with a worldwide yearly income over EUR 750 million pay corporate tax at 15%. While the Hungarian standard corporate tax can remain 9%, the implementation of the global minimum tax will affect all the relevant legislation, alongside the related administrative procedures.
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FTX is one of the largest international platforms for crypto trading – at least it was until recently. After a scandal related to loans provided to Alameda research, FTX filed for bankruptcy early November 2022, which had far rippling effects throughout the cryptocurrency landscape.
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MNB benchmark interest rate and its effects In order to mitigate inflation in Hungary and keep HUF exchange rates from rising too high, in October the Hungarian National Bank (MNB) introduced an 18% interest rate on its overnight deposits. Commercial banks took advantage of this scheme by making deposits at the MNB, offering high interest […]
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As the end of the year is creeping closer, it is worth starting to prepare for the new year. January is traditionally the season for the introduction of new tax regulations. Read on to find out about the expected changes to taxes in Hungary in 2023.
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Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules you need to learn about deadlines, limits, and tax exemption. Read on to get an overview of the 5 most important things you must keep in mind.
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Are you looking for long-term investment options in Hungary? Bank deposits, government securities, and stocks are among the most popular options. Whichever you choose, you will be required to pay taxes on your interests. Learn how you can decrease taxes, and what to watch out for when working with banks and brokerage companies.
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How to make the most of your money is never an easy question. Especially under the current, unprecedented circumstances, among a pandemic, war, and increasing energy costs, it is increasingly difficult to make the right investment decisions. Read on to get an overview of the most prominent economic trends in Hungary in October 2022.
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As the owner of a Hungarian company, you can use the profit of your company for yourself by taking dividends. Before you can do that, your company will always need a balance sheet, and in some cases, an audit as well.
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KATA orphans and other new freelancers: this is your reminder that you are supposed to make a monthly declaration of your taxable income until the 12th of each month in Hungary. The relevant form, 2258, is now available online as well as in the software for submitting tax related data. Make sure to submit it on time!
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