Accountancy
If you are running a business in Hungary, you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, you must submit a report every year. Read on to learn how to report HIPA – and why it makes sense to have an accountant take care of it.
The post Report HIPA (local business tax) for 2022 on the 22HIPAK form by 31 May appeared first on Helpers Finance.
If you are running a business in Hungary, you are also paying a local business tax to your local municipality. The next important deadline is 31 May, and if your registered address is in Budapest, you can pay the tax by card as well as by bank transfer.
The post It is now possible to pay your local business tax by card in Budapest appeared first on Helpers Finance.
Tax returns season has come in Hungary. If you are a tax resident, you will need to file your personal income tax report by 22 May. These days it is really simple: just takes a few clicks on the online platform of the Tax Authority.
The post Tax returns in Hungary in 2023 appeared first on Helpers Finance.
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
The post Inflation decreasing, core inflation increasing in Hungary in Q1 2023 appeared first on Helpers Finance.
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the Hungarian Tax Authority. The relevant form 2358 has just received an update to become more user-friendly.
The post Revamped form 2358 makes reporting easier for flat-rate taxpayers appeared first on Helpers Finance.
Are you planning to set up a Hungarian company? Then learn the basics of Hungarian taxation. Corporate tax will probably be a major part of the taxes to pay, even though in Hungary it is only 9%, lowest in the EU. Read on and get up to speed.
The post The essentials of corporate tax in Hungary appeared first on Helpers Finance.
Are you new to business? Or maybe just to flat-rate taxation? Either way, you might wonder how and when you are supposed to first pay the local business tax, since it is normally calculated based on the tax of the previous year – and you might not have a previous year.
The post Local business tax deadlines for new businesses appeared first on Helpers Finance.
When doing business with foreign clients, it might come in handy if your Hungarian company has a foreign corporate bank account. There is no limitation on the number of corporate bank accounts you can set up, just make sure your Hungarian bank account knows about all of them.
The post What to watch out for when setting up a foreign corporate bank account? appeared first on Helpers Finance.
Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the treaty might be reinstated or a new treaty might be introduced.
The post U.S.-Hungarian double taxation treaty stays canceled appeared first on Helpers Finance.
An audit is a procedure where the books of your Hungarian company are closely examined to reveal possible mistakes. Beside voluntary audits done by independent contractors, the Tax Authority can also conduct audits, so make sure your books are in order.
The post Tax audit and compliance audit in Hungary: what is the difference? appeared first on Helpers Finance.