Accountancy

Company modification in Hungary

Whenever the basic data of your Hungarian company are changed, the new data must be registered officially, so all those interested can access up-to-date information in the company registry.

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Further economic relief measures in Hungary

Some further measures have just been announced to alleviate the burdens of a broader segment of the population, and counter the impact of the current COVID-19 pandemic on Hungarian economy.

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Economic relief measures in Hungary during the COVID-19 pandemic

The Hungarian government introduced the following economic relief measures to alleviate the burdens posed by the current COVID-19 pandemic, and make sure it is easier for everyone to get through these difficult times and pick up work once the situation clears up:

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KIVA, the small business tax in Hungary

KIVA, or the small business tax benefits companies in the service industry in Hungary. It is best for companies selling their expertise instead of goods.

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Child benefits most relevant for employment in Hungary

The family allowance is paid directly to the parents of eligible children. It is the basis of the family tax benefit, which reduces the amount of taxes on the gross salary of employees.

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The “Client Gate”: your gateway to Hungarian electronic administration

Any individual can get access to the Client Gate: not only Hungarian citizens but also other nationals. You can get a user account at any local government office in Hungary.

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2020 changes to taxation relevant for your Hungarian SME

Are you operating a company in Hungary? Then get ready for 2020, and learn about the changes to regulations that might be relevant to your operation, including VAT, KIVA, and the minimum wage.

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VAT rates in Hungary

In Hungary, the rate of VAT is usually 27%. There are some special product types where VAT rates are lower. Before you start trading in Hungary, make sure you know how much VAT you must pay to the tax authority in order to properly adjust your margins.

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Salaries and payroll taxes in 2020, Hungary

2020 has just started, and the new regulation for Hungarian payroll taxes and salaries are in. The most significant change is the increase of the minimum wage.

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How to reduce payroll taxes in Hungary in 2019?

Employ disadvantaged workers and reduce the payroll taxes your Hungarian company pays to make your Hungarian operation more cost-effective.

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