Accountancy
When you are buying goods or services in Hungary, their price will most probably contain VAT. However, this VAT may be deducted from the VAT your own company is paying to the Tax Authority.
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As of 1 July 2019 the Employer’s payroll tax decreased from 21% to 19%. This is thanks to the decrease of the social contribution tax from 19.5% to 17.5%, as it is a major element of the payroll tax (the other is the vocational training contribution tax at 1.5%).
The post Salaries and Payroll Taxes in H2 2019, Hungary appeared first on HELPERS.
What is distance selling? How is distance selling taxed in the EU? When exactly do I have to register for VAT in the other EU member state? Learn more
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Depending on the organization structure of your company, you might need to offer positions to your employees that are not regular nine-to-five jobs. The allocated cumulative working time (also known as working time banking) offers you and your employees the chance to agree on more flexible working hours that may include night and weekend shifts …
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If you own a Hungarian company, you have to pay certain taxes and contributions after the dividend you take based on whether or not you are a tax resident in Hungary.
The post Being a tax resident in Hungary vs. taking dividend in Hungary appeared first on HELPERS.
Calculating the taxes on dividend and dividend advance is a complex task, so make sure to ask your accountant or payroll specialist to advise you on your specific case before you take dividend from your Hungarian company.
The post Taxes on dividend and dividend advance payments in Hungary appeared first on HELPERS.
In general, the costs related to a business trip are accepted as business costs in Hungary, and as such are deductible from the corporate tax. Some expenses, however, are subject to the so called “representation tax”.
The post Travel expenses of a managing director in a Hungarian company appeared first on HELPERS.
Company owners are allowed to take dividend from the profit of the company. From 2019 January, regulations on dividend tax change: instead of the health contribution, a social contribution tax is to be paid to the tax authority.
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Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.
The post Fringe benefits in Hungary – Cafeteria 2019 appeared first on HELPERS.
Hungarian payroll taxes and salaries were modified the end of December, but they are already valid for January. Following the same trend as last year, the minimum wage has been increased, while the employer’s payroll taxes remained the same.
The post Salaries and Payroll Taxes in 2019, Hungary appeared first on HELPERS.