Accountancy

2023 tax changes in Hungary

Are you an expat living, working, or doing business in Hungary? Then it is best if you keep an eye on changes to regulations in case any of them are relevant to you.

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Changes to flat-rate taxation in 2023

The new year always brings updates to tax regulations. Changes to flat-rate taxation were introduced too, partly in line with the increase to the minimum wage, partly as independent measures to make this tax regime more favorable.

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Salaries and payroll taxes in 2023, Hungary

With the ca. 15% increase to minimum wages in Hungary, you must make sure that the salaries you pay your employees are still above the required minimum, and adjust salaries and labor contracts as necessary.

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Minimum wage in Hungary in 2023

The Hungarian minimum wage has just been increased with ca. 15% for 2023, which will affect not only payroll costs, but also various other tax items tied to the minimum wage. Read on to find out which of these will matter for your Hungarian business. Minimum wage and guaranteed minimum salary In Hungary, there are …

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FTX bankruptcy and effects on crypto trading around the world

FTX is one of the largest international platforms for crypto trading – at least it was until recently. After a scandal related to loans provided to Alameda research, FTX filed for bankruptcy early November 2022, which had far rippling effects throughout the cryptocurrency landscape. Read on to get a quick overview of the events. From …

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Are you an online retailer with customers in the EU?

Set up an EU company that can handle VAT registration and payment for you through the IOSS. Save on your costs and offer better prices as well as better experience to your customers.

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Interest rate cap in Hungary steers investment toward government bonds

At the end of November 2022, an interest rate cap was introduced on Hungarian deposits above HUF 20 million in order to redirect investment toward government bonds. This is one of the measures in a balancing act of keeping HUF exchange rates relatively low. Since the new regulation does not affect foreign investment, it will …

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Taxes in Hungary 2023

As the end of the year is creeping closer, it is worth starting to prepare for the new year. January is traditionally the season for the introduction of new tax regulations. Read on to find out about the expected changes to taxes in Hungary in 2023. Flat-rate taxation Starting from next year, the conditions for …

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5 things to watch out for as a freelancer under flat-rate taxation

Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules you need to learn about deadlines, limits, and tax exemption. Read on to get an overview of the 5 most important things you must keep …

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Taking dividends in Hungary – what to watch out for

As the owner of a Hungarian company, you can use the profit of your company for yourself by taking dividends. Before you can do that, your company will always need a balance sheet, and in some cases, an audit as well. Read on to learn about the aspects to consider. Dividend in Hungary in a …

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