Bookkeeping
Does your Hungarian business issue receipts? If yes, do you do it by a cash register machine or by another method? If you report receipts manually, watch out: reporting deadlines are getting shorter from September 2026. At the same time, with the availability of new tools, now might be a good time to upgrade your workflows.
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Update to banking in Hungary: Revolut has opened its Hungarian branch office and has been migrating the accounts of its Hungarian clients to Hungarian bank accounts. This offers better options to both retail and business clients. At the same time, your Hungarian company will still need a Hungarian corporate bank account for compliant operation.
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A double taxation treaty is an agreement between two countries that lets them protect their tax residents from paying taxes twice after the same income – something that might happen if rules of taxation are applied without discretion.
The post What is a double taxation treaty? appeared first on Helpers Finance.
If you own a Hungarian company, you cannot just withdraw cash from its business account and do with it what you want. The company is a separate legal entity, and its money is technically not your money anymore. Every cash withdrawal from a company needs to be justified and documented.
The post How to withdraw cash from your business account? appeared first on Helpers Finance.
Small companies operating in industries where long delays are typical between invoicing and settlement sometimes struggle with paying VAT on time – since the VAT content of their invoices must be paid according to the date of delivery, not settlement. Cash accounting was designed to counterbalance this, but it has some serious drawbacks.
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Tax season has just started: drafts for the 2025 tax returns created by the Hungarian Tax Authority always become available in the middle of March. You can already check yours online with your Ügyfélkapu or DÁP login. If your monthly reports were all alright throughout 2025, this will only take a few minutes. Make sure to submit your tax returns by May 20.
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Cash transactions in Hungary are limited only for B2B transactions; here the limit is HUF 1.5 million in any calendar month regarding each contract. There are no limits on B2C transactions, although they require additional paperwork above certain thresholds depending on the products sold. You will also need to set a limit for yourself regarding how much cash you may handle at your Hungarian business.
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The Hungarian National Bank has just published its latest data on cash usage in Hungary. There are currently 725 million HUF bank notes and 2.6 billion HUF coins in use, worth HUF 9.125 billion in total. The most popular pieces are the HUF 20,000 notes and the HUF 5 coins, so the pieces of the highest and lowest value.
The post Cash remains essential in Hungary in 2025 appeared first on Helpers Finance.
Many of those Hungarian businesses that are allowed to issue receipts instead of invoices are in fact required to issue those receipts with cash register machines. Read on to learn how this works in Hungary, and how to decide if you should be using a hardware-based cash register.
The post Who needs a cash register in Hungary? appeared first on Helpers Finance.
Starting from September 15, new and stricter rules have been introduced regarding EU VAT invoices. If you have customers from other EU member states, read on to learn what changed and what you should watch out for.
The post Stricter rules for issuing EU VAT invoices in Hungary appeared first on Helpers Finance.