You are required to present the ownership structure of your newly created Hungarian company when you are registering it for various services. This is easiest done in the form of a chart that starts with your Hungarian company and ends in the ultimate beneficial owners.
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Money left on a regular bank account pays hardly any interests, while making investments through a securities account can even increase their value, especially in a high inflation environment like that of Hungary these days.
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Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare the employment correctly to avoid fines.
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CSOK, the Hungarian family housing allowance was created to support families in finding a home. Young married couples who pledge to have children are eligible for a non-refundable allowance and favorable interest rates for property purchase. Now it seems the conditions for eligibility will be severely reduced starting from 2024.
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When you have income from interests, normally you pay personal income tax and social security contribution on those. However, if you invest in Hungarian government securities, you may not be required to pay either of those.
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Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average inflation in 2023 will not be higher than 19%.
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The Hungarian Tax Authority is now sending notices to businesses if the payments they made for 2022 do not match the amount they were supposed to pay, whether they are in arrears or in overpayment. If you are not sure, you can also always check your balance online.
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Recently, the Hungarian Tax Authority has published a press release to remind everyone that Hungarian tax residents must be aware if their income generated abroad is taxable in Hungary too. Relevant data are typically communicated between national tax authorities, and if someone misses declaration, they can expect a payment notice, or even a fine.
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As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card for buying groceries. This way you as an employer can also provide better fringe benefits to your Hungarian employees.
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The National Tourism Data Supply Centre was designed to collect real time data and offer up-to-date statistics of the hospitality sector in Hungary. Registration has been mandatory since 1 November 2021, and online data supply must begin on 1 July 2023.
The post The <a>National Tourism Data Supply Centre </a>in Hungary goes to full throttle appeared first on Helpers Finance.