Accountancy
If someone wants to work in Hungary or offer a job to an employee, it is important to be aware of some basic information. If you plan on starting a new job in Hungary, you will find our short guide essential.
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If you run a Hungarian company, sooner or later you will need employees to help you run your business. Finding the right employee is an art in itself, for which you might want to consult an HR specialist. Apart from that, there are some basic things you need to know.
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Owning a Hungarian company has its perks. Still, you should always make sure you comply with local regulations, even when they change – like the share capital requirement from March 15 2016.
The post Company ownership in Hungary – Obligatory share capital increase appeared first on HELPERS.
When you own a Hungarian company, it is crucial that you keep good track of your income and expenses. The regulations are quite strict, and if you fail to comply, you may expect extensive fines. However, you only have to follow a few simple rules.
The post Tracking Income and Expenses in Hungary – Accountancy quick guide appeared first on HELPERS.
In Hungary, issuing invoices is strictly regulated. For this purpose, a random piece of paper, a Word or Excel file will not be enough: you will have to issue your invoice more “officially”. Learn how it should be done.
The post Invoicing in Hungary: Booklet or software? Accountancy quick guide appeared first on HELPERS.
Taxation can be a complex matter. In order to best assist you, however, we need to understand the basics of your business operation. Still, you may find the following list of basic corporate taxes useful.
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When you start your company in Hungary and issue your own invoices towards your clients, you will charge VAT only towards individual (retail) buyers. However, if you are an international trader, you may not charge VAT at all.
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Every Hungary-based company is legally required to have an accountant or bookkeeper. In Hungary, there is no real difference between accountancy and bookkeeping, but you do need the assistance of a certified person to submit the necessary reports to the tax authority.
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