Analysis

How long will the MNB keep up the tight monetary policy in 2023?

Last week the Hungarian National Bank (MNB) held a press conference about economic expectations in Q1 2023 and the measures it is taking to counter inflation and moderate foreign exchange rates. They are continuing the implementation of a tight monetary policy until more encouraging economic trends are detected.

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Inflation in Hungary – what to expect in 2023

Are you running a business in Hungary? Get familiar with the latest statistics and projections regarding GDP and inflation in Hungary in 2022 and 2023 based on the latest data.

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Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary

Flat-rate taxation (or “átalányadó”) is currently the most popular tax regime among freelancers with a relatively low annual revenue. It is not as straightforward as KATA, but it is still simple and low cost compared to other tax regimes.

The post Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary appeared first on Helpers Hungary.

Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary

Flat-rate taxation (or “átalányadó”) is currently the most popular tax regime among freelancers with a relatively low annual revenue. It is not as straightforward as KATA, but it is still simple and low cost compared to other tax regimes.

The post Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary appeared first on HELPERS.

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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Stay on top of the October economic trends and investment options in Hungary

How to make the most of your money is never an easy question. Especially under the current, unprecedented circumstances, among a pandemic, war, and increasing energy costs, it is increasingly difficult to make the right investment decisions. Read on to get an overview of the most prominent economic trends in Hungary in October 2022. Inflation …

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Changes to the Hungarian real estate landscape in September 2022

Real estate is traditionally considered a safe investment. Prices are constantly on the rise, at least to the keep up with inflation. Now, after more than 2 years of pandemic and half a year of war, prices are still increasing in Hungary, while new patterns of demand are emerging due to a recent change in …

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Working hours for student residency holders increased in Hungary

Third-country nationals studying in Hungary are allowed to work beside their studies. The number of officially approved working hours has just increased, so now you are allowed to work 30 hours a week without forfeiting your student residency.

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Double taxation treaty cancelled between the US and Hungary

Early July, the U.S. canceled the double taxation treaty between Hungary and the U.S. Unless a new treaty is signed over the next year or so, natural persons and entities that have income from both the U.S. and Hungary will face a significant tax increase starting from January 2024. Double taxation treaty with the U.S. …

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