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Taxing distance selling in the EU

What is distance selling? How is distance selling taxed in the EU? When exactly do I have to register for VAT in the other EU member state? Learn more

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Controlled Foreign Corporation or CFC laws in Hungary

CFC laws in general, alongside double taxation treaties, control how and where income from foreign companies should be taxed.

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Allocated cumulative working time in Hungary 2019

Depending on the organization structure of your company, you might need to offer positions to your employees that are not regular nine-to-five jobs. The allocated cumulative working time (also known as working time banking) offers you and your employees the chance to agree on more flexible working hours that may include night and weekend shifts …

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Performing work on a standby basis in Hungary

Standby time is when your employee is ready to perform work for your company above their regular working hours. They can be on standby in any location they prefer, however, they must be ready to work. When the employer calls, the employee must start working immediately.

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Accountancy from company formation

In Hungary, every company is required to have accountancy from the moment of company formation. As a result, it is worth choosing a provider that offers both assistance in incorporation and accounting. Company formation and accountancy In accounting, there are some tasks that need to be performed right after company formation. These include mostly reporting …

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Where to pay taxes? Tax residency in Hungary

Determining tax residency is of key importance in deciding where to pay taxes after income. Normally, a country may levy a tax on income if the individual generating it has tax residency in the given country. However, if an individual is resident of more than one country, the question of where to pay taxes arises. …

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Make it simple – Employ a temporary worker in Hungary

Is your company in need of temporary workforce? Consider simplified employment, which is a simple and cost-effective solution for hiring temporary workers in Hungary. Read on the for the most important questions and answers about hiring temps. Who is a temporary worker? A temporary worker is sometimes also called a casual worker or an occasional …

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Reduce Payroll Taxes in Hungary

One way to make your Hungarian company operate in a more cost-effective way is to reduce payroll taxes. Authorities let you do this if you employ workforce who has difficulties entering the labor market due to some disadvantages compared to other workers. However, they may still prove eager and skilled, while employing them grants you …

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Family tax benefit: the child benefit in Hungary relevant for salary calculation

In Hungary, there are many forms of child benefit. The two most important are the family allowance (“családi pótlék”) and the family tax benefit (“családi adókedvezmény”). The basis of both is how many children someone takes care of, either as a parent or a guardian, and how many of them are eligible for child benefit. …

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Checklist: how to hire a new employee in Hungary

Finding the perfect candidate for the position at your Hungarian company requires commitment, planning, and remembering all the administrative aspects. See our short checklist here, and a more detailed description below. Formulate the position, job description, salary expectation Advertise the job Filter candidates and find the right one Agree on the gross salary Prepare a …

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