Compliance
As of July 1, 2025, cash payment is becoming a constitutional right in Hungary. This means that apart from specific cases, Hungarian businesses are required to make it possible for their customers to pay with cash if that is their preferred method. Read on to learn if this will affect your operation.
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Accountancy and payroll services are similar in the sense that both are related to finances at your Hungarian company. Sometimes both services are provided by the same provider too. However, they are distinct functions, requiring special expertise.
The post Accountancy vs. payroll services for your Hungarian company appeared first on Company Formation.
From July 1, 2025, electricity and natural gas providers in Hungary can send only e-invoices to their B2B clients. If your business has such a contract, it is time you learn how to store electronic invoices in a secure and compliant way.
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When you no longer need your Hungarian company, you have various ways to dispose of it. One way is to sell it, if you find the right buyer. In some cases, however, it might be easiest to liquidate your company – and interestingly enough, liquidation might be easier as well as better than just abandoning it.
The post Liquidation: what to do if you no longer need your Hungarian company appeared first on Helpers Hungary.
Summer is here, and air-conditioners are running in most workplaces. The temperature in the office doesn’t just affect comfort – it also impacts your employees’ health and productivity. That’s why there are rules in place to make sure workplace temperatures stay safe and appropriate.
The post How to keep your office cool and comfortable in summer appeared first on Company Formation.
If you are a tax resident in Hungary, you have until May 20, 2025 to submit your tax returns for the year 2024. If you have an Ügyfélkapu or DÁP access, this will take only a few minutes, as the whole procedure is online.
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When you operate a Hungarian company, you will have to pay business taxes in Hungary. While your accountant can calculate the taxes you need to pay, it is you (or one of your authorized employees) who will need to pay each tax to the Tax Authority.
The post How to pay your business taxes in Hungary? appeared first on Helpers Finance.
You can use your personal money to provide the share capital of your Hungarian company. Once that is done, however, your own money and the company’s money are separate, and you cannot make transfers freely or without proper documentation.
The post Can I put my own money in my Hungarian company? appeared first on Helpers Finance.
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.
The post What is FEOR in Hungary? appeared first on Helpers Finance.
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.