While personal income tax in Hungary is 15% for everyone, various tax benefits may be applied to that based on age, marital status, and other circumstances. Get an overview of the most important tax benefits below so you will know when you or your employees can get more out of your gross salary.
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If you are running a business in Hungary, you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, you must submit a report every year. Read on to learn how to report HIPA – and why it makes sense to have an accountant take care of it.
The post Report HIPA (local business tax) for 2022 on the 22HIPAK form by 31 May appeared first on Helpers Finance.
If you are running a business in Hungary, you are also paying a local business tax to your local municipality. The next important deadline is 31 May, and if your registered address is in Budapest, you can pay the tax by card as well as by bank transfer.
The post It is now possible to pay your local business tax by card in Budapest appeared first on Helpers Finance.
Tax returns season has come in Hungary. If you are a tax resident, you will need to file your personal income tax report by 22 May. These days it is really simple: just takes a few clicks on the online platform of the Tax Authority.
The post Tax returns in Hungary in 2023 appeared first on Helpers Finance.
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support small businesses. However, they might not be as beneficial as intended.
The post New price control measures introduced in Hungary to ease inflation appeared first on Helpers Finance.
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
The post Inflation decreasing, core inflation increasing in Hungary in Q1 2023 appeared first on Helpers Finance.
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the Hungarian Tax Authority. The relevant form 2358 has just received an update to become more user-friendly.
The post Revamped form 2358 makes reporting easier for flat-rate taxpayers appeared first on Helpers Finance.
When discussing the strength of the Hungarian Forint, it is usually compared to EUR and USD as the benchmark currencies. Over the last month, HUF has been gradually getting stronger, with just a relatively small hitch in exchange rates in the middle of March.
The post HUF getting stronger at the end of Q1 2023 appeared first on Helpers Finance.
Are you planning to set up a Hungarian company? Then learn the basics of Hungarian taxation. Corporate tax will probably be a major part of the taxes to pay, even though in Hungary it is only 9%, lowest in the EU. Read on and get up to speed.
The post The essentials of corporate tax in Hungary appeared first on Helpers Finance.
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry in the U.S., there is a worry that the even can start a domino effect. There is already a ripple effect observable globally – will it wear off before it leads to a new recession?
The post Uncertainties in the banking world – is 2008 repeating? appeared first on Helpers Finance.