Accountancy
Update to banking in Hungary: Revolut has opened its Hungarian branch office and has been migrating the accounts of its Hungarian clients to Hungarian bank accounts. This offers better options to both retail and business clients. At the same time, your Hungarian company will still need a Hungarian corporate bank account for compliant operation.
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What to do when your Hungarian business operation has reached its end? You can sell your company if you find the right buyer, but normally, it is best to liquidate it. If it has no issues, that can simply be done by your accountant, although it takes some time. You could also simply abandon it, but that poses several risks.
The post How to finish your business operation in Hungary – All about liquidation appeared first on Company Formation.
When you make a written agreement about anything, it should comply with certain formal requirements to make it a binding document. You are expected to put your signature and initials in specific places, provide appropriate attestation, and use a blue ink pen.
The post Formal requirements of a contract in Hungary appeared first on Helpers Hungary.
A double taxation treaty is an agreement between two countries that lets them protect their tax residents from paying taxes twice after the same income – something that might happen if rules of taxation are applied without discretion.
The post What is a double taxation treaty? appeared first on Helpers Finance.
When you make a written agreement about anything, it should cover certain topics to ensure that both parties are aware of their rights and obligations. If there is a dispute in the future, it can be settled based on the terms laid out in the contract and in the relevant law.
The post What to include in a contract in Hungary? appeared first on Helpers Hungary.
Extended Producer Responsibility is the concept that manufacturers and distributors are responsible for the entire life cycle of a product, not just up till the point of sale. In line with this, EPR charge is a type of tax that is supposed to cover costs of the treatment of products at the end of their life cycle, namely, waste management and recycling.
The post Extended Producer Responsibility in Hungary appeared first on Helpers Finance.
If you own a Hungarian company, you cannot just withdraw cash from its business account and do with it what you want. The company is a separate legal entity, and its money is technically not your money anymore. Every cash withdrawal from a company needs to be justified and documented.
The post How to withdraw cash from your business account? appeared first on Helpers Finance.
The EU is preparing to overhaul its customs management system. The main point is to reduce the unfair competitive edge some (typically Asian) e-commerce platforms have over European manufacturers and sellers. As a first step, from July 1, 2026, a EUR 3 customs duty will be introduced on shipments worth below EUR 150 which have been duty-free so far (only local VAT has been mandatory for them).
The post New customs duty introduced for non-EU packages from July 1, 2026 appeared first on Helpers Finance.
The EU directive on pay transparency is supposed to be implemented by June 7, 2026 in all member states. Because of the recent general elections and change of regime in Hungary, the introduction of the new regulations will probably be delayed. However, Hungarian companies should still prepare for the new obligations.
The post Pay transparency rules probably postponed in Hungary appeared first on Helpers Finance.
If your Hungarian company does not comply with regulations, its tax number can get canceled and the company can be liquidated. However, this forced liquidation procedure can be stopped if you take steps to restore compliance.
The post How to stop forced liquidation at your Hungarian company appeared first on Helpers Finance.