Business Solutions

Invoicing in Hungary: Booklet or software? Accountancy quick guide

In Hungary, issuing invoices is strictly regulated. For this purpose, a random piece of paper, a Word or Excel file will not be enough: you will have to issue your invoice more “officially”. Learn how it should be done.

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Hungary Taxation – Accountancy quick guide

Taxation can be a complex matter. In order to best assist you, however, we need to understand the basics of your business operation. Still, you may find the following list of basic corporate taxes useful.

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Accounting in Budapest

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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MINIMUM CAPITAL TO INCREASE IN HUNGARY – HOW WILL IT AFFECT YOU?

Until March 15th, 2014 the minimum capital is HUF 500 000 (cca EUR 1,700), while after this date it will be increased to HUF 3 000 000 (cca EUR 10,000). However, this change will be a formality for most business owners because the capital will still not need to be deposited.

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