Compliance
FEOR in Hungary is the standard classification of occupations. You will need it when you report a new hire to the Tax Authority, and it is used to make statistics about how the population is employed.
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NACE, or TEÁOR in Hungarian, is a classification of economic activities that is used in Europe to make statistics about what businesses do and where their income is from. The latest NACE update came into force as of 1 January 2025, and it might mean a few additional tasks for you and your accountant.
The post NACE update 2025: Rev. 2.1 introduced throughout the EU appeared first on Helpers Finance.
NACE, the classification of economic activities in the EU received an update. In Hungarian, it is referred to as TEÁOR’25. See if you need to do anything.
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Transparency is a key value in the European Union. When you set up your Hungarian company and want to register for mandatory services, you are expected to present the ownership structure of the company in a transparent way.
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When you submit forms or create contracts in Hungary, witness signatures might be required on it. But how does that work, and who can be a witness?
The post Who can be a witness on your Hungarian documents? appeared first on Helpers Hungary.
When you submit forms or create contracts in Hungary, witness signatures might be required on it. But how does that work, and who can be a witness?
The post Who can be a witness on your Hungarian documents? appeared first on HELPERS.
Your Hungarian company will most likely be a VAT subject, which means you will have to add VAT, or Value Added Tax to your sales. You will also be paying VAT on your purchases, but you will be able to reclaim VAT later. VAT in Hungary When you are making purchases on Hungary, the sales …
How to reclaim VAT at your Hungarian company Read More »
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Most Hungarian small and medium sized companies do not need an auditor. However, when they grow to a certain size, they will be required by law to hire an auditor to make sure all their books are in order.
The post When will your Hungarian company need to hire an auditor? appeared first on Helpers Finance.
Company modification is the official procedure through which a lawyer helps you change the core data of your Hungarian company with the Company Registry. One of the cases you need this procedure is when there is a change to the address of any of the owners and main executives.
The post Company modification tips Hungary – Address change appeared first on Helpers Hungary.
Company modification is the official procedure through which a lawyer helps you change the core data of your Hungarian company with the Company Registry. One of the cases you need this procedure is when there is a change to the address of any of the owners and main executives.
The post Company modification tips Hungary – Address change appeared first on HELPERS.