Company Formation

How does the 9% corporation tax rate affect your business?

Whether you already have a company in Hungary or you are planning to register one, understanding how the 9% corporation tax rate affect your Hungarian business is crucial for planning ahead in 2017.

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Corporation tax lowered to 9% in Hungary

The corporation tax in Hungary just got as low as 9%, making Hungary one of the best countries in Europe for setting up a company. Apart from the 9% corporation tax placing Hungary among the countries with lowest tax rates, there are other factors that make it an ideal place for setting up a company.

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9% corporate tax and new allowances in 2017 in Hungary

For the past decades, Hungary has offered the most favorable conditions for businessmen intending to set up a company in Europe. Now new regulations make it even more attractive. Read our tax alert and learn about the 9% corporate tax and more!

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What is management accounting?

Managing directors can feel sometimes that the only purpose of financial accounting is to fulfil the requirements of the Tax Authorities. However, transparent and faithful representation is useful, as it is essential for informed decision making.

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How can the Chinese New Year affect your business?

In 2017 the first day of the Chinese New Year is 28 January, initiating the year of the rooster. The Chinese have a celebration that lasts for about 20 days. Employees have seven days off from work, and business is usually resumed on the 8th day of the festival. This may have an effect on your business if you have a Chinese partner.

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Retire in Europe

Do you want to enjoy your retirement under mild climate, in a safe environment and stable economy? Retire in Europe and enjoy the good infrastructure and high culture.

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How does the Hungarian Small Business Tax (“KIVA”) change in 2017?

KIVA is short for Small Business Tax in Hungarian (“Kisvállalati Adó”). It is a tax construction that can be chosen by small businesses if they fulfil certain conditions. Let’s see how KIVA changes in 2017.

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How does VAT in Hungary change in 2017?

Value Added Tax, or VAT in Hungary is a consumption based tax, which is regularly added to the net price of products sold. If you have a company and you can reclaim VAT, its sum will matter to you. So let’s see the changes to VAT in Hungary in 2017.

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What are the changes to the tax declaration process in 2017?

Hungarian taxation rules are quite strict. If you run a Hungarian company, you need an accountant who is knows the latest updates to regulations and all declaration process changes.

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How do Hungarian personal income tax and social contributions change in 2017?

Personal income tax in Hungary is currently 15%. It is deducted from the gross salary of employees, who get only their net salary. It is the employer who transfers taxes and contributions to the authorities. This will not change in 2017 – let’s see what will!

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