Corporate Tax

Global minimum tax to be introduced soon?

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.

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Development tax benefit for your Hungarian SME

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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How will your taxes in Hungary change from 2022?

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.

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Hungary rejects global minimum tax

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?

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How to save money on European company setup in covid times

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.

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KIVA, the small business tax in Hungary

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.

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Company formation in Central Europe – Comparing Poland, Hungary, Slovakia and the Czech Republic

When you are starting business in Europe, it might not be obvious where you want to set up your company. This short comparison of company formation in Poland, Hungary, Serbia and Albania might be able to set you on the right track.

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Corporate tax Hungary 2018

Corporate tax in Hungary is still 9%, which is the lowest in the EU. This, with the simple and fast incorporation procedure makes Hungary an ideal place so set up your first EU company and start trading in Europe. See the latest allowances and reductions you can apply for.

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The lowest corporate tax rate in Europe

Only 9% is payable regardless of how much your turnover or profit is. Although some countries apply higher corporate tax rates to companies with higher profit, there is no such rule in Hungary. This means that you can take advantage of the lowest corporate tax rate in Europe regardless of your business volume.

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Set up a subsidiary in Europe to your international company

Several international corporations choose Hungary to set up a subsidiary in Europe, giants like IBM or Microsoft among them. The most attractive features of the country are low taxes, affordable operation costs, a central location in the EU and full Schengen access.

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