USD is historically considered one of the most stable currencies. Investors turn to it both in good times and bad, driving up its value in both instances. This is sometimes referred to as the dollar smile – which might become crooked in the near future. In turn, this would affect the exchange rates of EUR and HUF as well.
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If you are a tax resident in Hungary, you have until May 20, 2025 to submit your tax returns for the year 2024. If you have an Ügyfélkapu or DÁP access, this will take only a few minutes, as the whole procedure is online.
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Online purchases take a more and more of the economy in Hungary as well as around the world. Read on to get familiar with the latest statistics, and consider how these numbers relate to your business in Hungary.
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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.
The post How to make an employment contract in Hungary appeared first on Helpers Finance.
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.
The post How to pay your business taxes in Hungary? appeared first on Helpers Finance.
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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