Accounting and Finance
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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