Compliance
When doing business with foreign clients, it might come in handy if your Hungarian company has a foreign corporate bank account. There is no limitation on the number of corporate bank accounts you can set up, just make sure your Hungarian bank account knows about all of them.
The post What to watch out for when setting up a foreign corporate bank account? appeared first on Helpers Finance.
An audit is a procedure where the books of your Hungarian company are closely examined to reveal possible mistakes. Beside voluntary audits done by independent contractors, the Tax Authority can also conduct audits, so make sure your books are in order.
The post Tax audit and compliance audit in Hungary: what is the difference? appeared first on Helpers Finance.
Are you running a Hungarian company? Then you must make sure that its data are always up to date in public databases. Depending on which data you are changing, update can be done simply by your accountant or with the help of a lawyer through “company modification”.
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If you were a KATA subject, you probably had to make some tough decisions over the last month or so. As 1 September, the great watershed is here, let’s have an overview of things to take care of when switching to KATA 2.0 or choosing another tax regime. Which way next? KATA was available to …
The post Checklist for KATA orphans and KATA 2.0 subjects in September appeared first on Helpers Finance.
While flat-rate taxation is a cost-effective alternative for self-employed KATA orphans from September, it is not available for limited partnerships. Instead, they may consider whether TAO, KIVA and/or EKHO are suitable alternatives for their company. Limited partnerships in Hungary The limited partnership (“betéti társaság” or “BT”) in Hungary is a popular form of company for …
The post KATA alternatives for limited partnerships: TAO, KIVA, EKHO appeared first on Helpers Finance.
In May 2023, the ETIAS system will go live. It will be relevant to those non-EU residents who can currently travel visa-free to the Schengen zone. Come May, their passport will not be enough: they will have to register in the ETIAS system before their trip.
The post No more visa-free entry to the Schengen zone? appeared first on HELPERS.
On 12 July 2022, just one day after its proposal, the Hungarian Parliament has accepted the new KATA law that will affect more than 430,000 taxpayers in Hungary, most of who will no longer be eligible for this tax regime starting from 1 September.
The post KATA changes introduced in the middle of the year appeared first on HELPERS.
Hungarian company formation is allowed for any legal person who is not specifically forbidden from doing so. But how does that work in practice? Anyone can set up a company in Hungary In Hungary, the most popular form of business is the LLC. Any legal person can set up a company who is not expressly …
Who can set up a company in Hungary? Read More »
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Currently, passport holders of more than 50 countries can enter the Schengen zone without a visa. Starting from May 2023, they will be required to apply for an ETIAS visa waiver before their trip.
The post ETIAS visa waiver goes live May 2023 appeared first on HELPERS.