The application of preferred shares at a Hungarian company can obscure the ultimate beneficial owner of the business. This can protect their privacy, but it decreases transparency and might attract the scrutiny of the authorities.
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In Hungary, most highways are toll roads, meaning you need to pay a toll while driving them. That is done easiest by buying a toll sticker for the vehicle, which can function as a weekly, monthly, or yearly turnpike pass for your company car.
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Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the wine sector at the end of the year.
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As part of the electronic administration in Hungary, personal pension tax records are available for review online. With your Ügyfélkapu access, you can log in to the database of the Treasury, and see if everything is fine. Read on to learn how that works.
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The number of yearly tax inspections conducted by the Hungarian Tax Authority has been steadily increasing over the past few years. The most popular tax inspected continues to be VAT, since it is a major contributor to the national budget. If your company operation is compliant with regulations, you have nothing to worry about.
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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.
The post What are the advantages of opening a securities account? appeared first on Helpers Finance.
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.
The post Apply for the Hungarian family housing allowance before it is reduced appeared first on Helpers Finance.
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.
The post Tax benefits for government securities in Hungary appeared first on Helpers Finance.