Only 9% is payable regardless of how much your turnover or profit is. Although some countries apply higher corporate tax rates to companies with higher profit, there is no such rule in Hungary. This means that you can take advantage of the lowest corporate tax rate in Europe regardless of your business volume.
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The Ghraoui family has been selling delicacies in Syria for more than 200 years. After they had to leave everything behind because of the civil war, they set up their new, European headquarters in Hungary.
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The Hungarian Residency Bond program was suspended at the end of March, 2017. Now participants of the Investment Migration Forum suggested it might restart next year. Will it happen?
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One of the most popular forms of business for small and medium sized companies is a limited liability company (LLC or LTD). Hungarian LLCs offer several advantages: uncomplicated and fast setup, low taxes and a relatively small share capital. In addition, the ownership and management structure is open for all.
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A limited liability company, commonly abbreviated LLC or LTD, is a widely popular form of business. Here are all the advantages of setting up a limited liability company in Hungary.
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Many countries offer investment immigration programs to international businessman who wish to relocate with their family, ease the way for their business, or just want to enjoy the advantages of their new passport and travel visa-free in the region. Now Georgia will offer an investment citizenship program.
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The Hungarian Tax Authority introduced the representation tax in order to avoid companies buying personal supplies on company money, this way reducing the company’s profit (and paying less as corporate tax).
The post The so-called “representation tax” in Hungary: What is it and how are food, drink, and travel expenses taxed appeared first on HELPERS.
Apart from salary, employees can receive a “non-salary compensation”. The various fringe benefits or cafeteria elements offer more favorable taxation options than regular salary – this is why many employers decide to offer cafeteria to their employees.
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When you plan to sell your goods or services exclusively online, you have more freedom to choose the country where you set up your business. Within Europe, Hungary offers more than just membership in the EU and the Schengen zone. It has a fast and simple incorporation process, an automatic EU VAT number, and the lowest corporate tax rate in the EU.
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Hungary has one of the fastest and least complicated company setup procedures in Europe. In fact, it is so easy that we can summarise it in just 5 points!
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