Invoicing
Your Hungarian company is required to track its incoming and outgoing payments. Your taxes are calculated based on these, and transactions must be recorded. Incoming payments are recorded on invoices in Hungary – read on to learn how that works.
The post Invoices in Hungary: How to create and manage invoices? appeared first on Company Formation.
Starting a business in Hungary is very easy. Registration is done in 4-5 business days, and you immediately get an EU VAT number as well, so you can start trading in no time. You only need a bank account to manage your finances, and you are ready to go. But what else to consider before setting up? Here is a list of the most important things – with which our team will be happy to help.
The post 11+1 things to consider before starting a business in Hungary appeared first on Company Formation.
Are you already a resident of Hungary? Currently employed and want to do something else on the side? Followed your spouse on family unification and want to work, but you do not have a work permit yet? Becoming a freelancer in Hungary might be the way. Have a summary of aspects to consider.
The post 10+1 things to consider before becoming a freelancer in Hungary appeared first on HELPERS.
As the end of the year is creeping closer, it is worth starting to prepare for the new year. January is traditionally the season for the introduction of new tax regulations. Read on to find out about the expected changes to taxes in Hungary in 2023. Flat-rate taxation Starting from next year, the conditions for …
The post <strong>Taxes in Hungary 2023</strong> appeared first on Helpers Finance.
Non-EU residents visiting the EU have the option to avoid paying VAT on their purchases in Hungary. This is possible either by shopping duty-free at an airport, or by making purchases at regular stores and reclaiming VAT upon leaving the EU.
The post Duty-free shopping and VAT refund in Hungary appeared first on HELPERS.
When doing business, you expect your partners to pay for your services, or provide the products you have paid for on time. However, sometimes life happens, and your company ends up with debts owed to it. Learn the techniques to mitigate risks and advance debt collection – or reduce the damage caused by irrecoverable claims. …
The post Debt collection in Hungary: the full picture appeared first on Helpers Finance.
Invoicing software and online invoicing tools are great to improve the accuracy of your invoices while reducing work load and promoting transparency. However, even good programming cannot replace familiarity with regulations, while you should also be on the lookout for glitches. Here, have a few examples of what to watch out for! Online invoicing tools …
The post What to watch out for when using online invoicing tools in Hungary appeared first on Helpers Finance.
When registering your Hungarian company, you should also indicate its main activity. You do not simply state what you are planning to do: there is an official list, accepted by all EU countries, and you select the item that suits your planned activity the most. Each activity has a numeric ID, which is called their …
Your Hungarian company’s activity and your NACE code Read More »
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January is the season for New Year’s resolutions. But can that be applied to accounting and company management? Of course it can! We have compiled a list of handy tips that can make your business life easier in 2022. Have your paperwork ready for inspection The Tax Authority may inspect your paperwork anytime. Make sure …
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Sometimes it might happen that your accountant “disappears”: they will not answer messages and the phone, and will not continue to take care of your books anymore. Whatever the reason, it is your Hungarian company’s responsibility to make sure your accounting remains compliant with regulations.
The post What can you do if your accountant disappears? appeared first on Helpers Finance.