Corporate Tax

Understanding Local Business Tax (HIPA) in Hungary

Hungary has the lowest corporate tax rate in the EU at just 9%. But business owners should also be aware of another tax: the local business tax, or HIPA (short for “Helyi Iparűzési Adó” in Hungarian). This tax can be up to 2% of your net income and is charged based on where your business operates.

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Global minimum tax at your Hungarian company

Hungary is a safe haven concerning the global minimum tax. Standard corporate tax remains 9% for small and medium sized companies, while the 15% global minimum tax only affects international corporations with a yearly revenue above EUR 750 million. Read on to learn what this means for your Hungarian business.

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Global minimum tax at your Hungarian company

Hungary is a safe haven concerning the global minimum tax. Standard corporate tax remains 9% for small and medium sized companies, while the 15% global minimum tax only affects international corporations with a yearly revenue above EUR 750 million. Read on to learn what this means for your Hungarian business.

The post Global minimum tax at your Hungarian company appeared first on Company Formation.

Local business tax in Hungary

While corporate tax in Hungary is the lowest in the EU at just 9%, there is another profit tax business owners must keep in mind: the local business tax, or HIPA in Hungarian. It means an additional 2% tax on your net income, depending on where your business operates. Get an overview below. “Local” means …

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5+1 reasons to set up a Hungarian LLC

Moving your business to Hungary? Whether you are setting up a subsidiary to your existing business or a completely new venture, the Limited Liability company (or LLC for short) is an excellent option for starting your operation in Hungary and the EU.

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Tax brackets in Hungary

Hungary does not have a progressive tax system, so it doesn’t really have tax brackets. However, it offers various tax benefits and preferential tax regimes that are available under certain income limits.

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Global minimum tax 2025: Hungary is a Safe Harbour

This is good news for multinational companies operating in Hungary, as both their tax and administrative burdens lighten.

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Overview of Hungary’s Tax Changes for 2025

Operating a company in Hungary? Then take a quick look at our streamlined guide of key updates to taxes in 2025. If you see something that might be relevant to your business operation, contact your accountant to discuss how to proceed.

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Tax changes relevant to your Hungarian company in 2025

The Hungarian Parliament has recently accepted the law governing taxes in Hungary in 2025. In our second article on changes being introduced next year, you can discover the 2025 tax changes most relevant to your Hungarian business operation.

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