Business

Working time in Hungary

Working time refers to the time your employee spends working for your company. In Hungary, working hours are limited to 40 hours a week. However, the distribution of those working hours might vary.

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VAT deduction in Hungary

When you are buying goods or services in Hungary, their price will most probably contain VAT. However, this VAT may be deducted from the VAT your own company is paying to the Tax Authority.

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Controlled Foreign Corporation or CFC laws in Hungary

CFC laws in general, alongside double taxation treaties, control how and where income from foreign companies should be taxed.

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Trademark registration in Hungary and in the EU

Got a cool logo or a witty slogan? Why not register them as trademarks? If you want your company’s name, logo or slogan protected by Hungarian or European law, you can start the trademark registration now and get your company the proper recognition.

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Performing work on a standby basis in Hungary

Standby time is when your employee is ready to perform work for your company above their regular working hours. They can be on standby in any location they prefer, however, they must be ready to work. When the employer calls, the employee must start working immediately.

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Being a tax resident in Hungary vs. taking dividend in Hungary

If you own a Hungarian company, you have to pay certain taxes and contributions after the dividend you take based on whether or not you are a tax resident in Hungary.

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Travel expenses of a managing director in a Hungarian company

In general, the costs related to a business trip are accepted as business costs in Hungary, and as such are deductible from the corporate tax. Some expenses, however, are subject to the so called “representation tax”.

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Bank holidays in Hungary in 2019

In 2019, many bank holidays will be on a Wednesday, in the middle of the week. At the same time, if the holiday falls on any other day, Hungarian people usually prefer to have long weekends in exchange for a Saturday that would otherwise be a rest day.

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Accountancy from company formation

In Hungary, every company is required to have accountancy from the moment of company formation. As a result, it is worth choosing a provider that offers both assistance in incorporation and accounting. Company formation and accountancy In accounting, there are some tasks that need to be performed right after company formation. These include mostly reporting …

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Cégkapu: What is the “company gate” in Hungary and why do I need it?

The “company gate” is an electronic storage where official mail sent to your company is always accessible. Whenever you get an official letter, a notification is sent to your indicated email address. You can then log in to the company gate and view the message.

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