Corporate Tax
We have already discussed plans for the introduction of a global minimum tax. Last week, Hungary agreed to join the convention that aims to set corporate tax at a 15% minimum for international companies that have a yearly revenue above EUR 750 million.
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Every newly registered company in Hungary must choose a tax regime. Is the regular corporate tax or KIVA more beneficial for your company? Check out our new small business tax calculator, and let us help you make an informed decision.
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At 9%, Hungarian corporate tax is one of the lowest in the European Union. However, depending on its registered seat, your Hungarian company will very likely to pay local business tax as well. As opposed to corporate tax, local business tax does not exist in other countries, so it is recommended to learn what it is and how much of it you can expect to pay.
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Taxes in Hungary are adjusted every year, and the Parliament has recently decided about the next changes to taxation. Some of them will affect your business in Hungary – find out how!
The post Changes to taxation in Hungary in 2021 and 2022 appeared first on HELPERS.
Talks of a global minimum tax have recently become a hot topic after several international players proposed it. In May both the USA and the OECD made mentions of such a tax, and in June the G7 made a commitment towards its introduction. However, Hungary is against it, for now.
The post Global minimum tax to be introduced soon? appeared first on HELPERS.
The development tax benefit allows Hungarian SMEs realizing certain investments to decrease their corporate tax by up to 80%. The mechanism is simple: you can reduce your corporate tax by a certain portion of the amount you invested.
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The parliament has recently approved tax cuts in Hungary from 2022. This week, we take a look at the update to regulations, explaining how it will affect your business in Hungary.
The post How will your taxes in Hungary change from 2022? appeared first on Helpers Finance.
The introduction of global minimum corporate tax would be a major update to international tax rules. While the idea has been gaining momentum, some countries are against it. But how would this global minimum tax work? Where does Hungary stand? And most importantly: will your Hungarian business be affected?
The post Hungary rejects global minimum tax appeared first on Helpers Finance.
In times of change, it makes sense to base your plans on factors that are less liable to change. This is why it is worth choosing Hungary when you are moving your business to Europe.
The post How to save money on European company setup in covid times appeared first on HELPERS.
KIVA, or the small business tax benefits companies in the service industry in Hungary. It is best for companies selling their expertise instead of goods.
The post KIVA, the small business tax in Hungary appeared first on Helpers Finance.