Local Business Tax
Are you operating a company in Hungary? Then make sure to report and pay corporate tax for 2022 by 31 May 2023 the latest! You probably have an accountant that helps you with reporting related to your business – get in touch with them to make sure everything is alright.
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If you are running a business in Hungary, you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, you must submit a report every year. Read on to learn how to report HIPA – and why it makes sense to have an accountant take care of it.
The post Report HIPA (local business tax) for 2022 on the 22HIPAK form by 31 May appeared first on Helpers Finance.
If you are running a business in Hungary, you are also paying a local business tax to your local municipality. The next important deadline is 31 May, and if your registered address is in Budapest, you can pay the tax by card as well as by bank transfer.
The post It is now possible to pay your local business tax by card in Budapest appeared first on Helpers Finance.
Are you planning to set up a Hungarian company? Then learn the basics of Hungarian taxation. Corporate tax will probably be a major part of the taxes to pay, even though in Hungary it is only 9%, lowest in the EU. Read on and get up to speed.
The post The essentials of corporate tax in Hungary appeared first on Helpers Finance.
Are you new to business? Or maybe just to flat-rate taxation? Either way, you might wonder how and when you are supposed to first pay the local business tax, since it is normally calculated based on the tax of the previous year – and you might not have a previous year.
The post Local business tax deadlines for new businesses appeared first on Helpers Finance.
The new year always brings updates to tax regulations. Changes to flat-rate taxation were introduced too, partly in line with the increase to the minimum wage, partly as independent measures to make this tax regime more favorable.
The post Changes to flat-rate taxation in 2023 appeared first on Helpers Finance.
Hungary has finally agreed to the introduction of the global minimum tax in the EU. This will make major corporations with a worldwide yearly income over EUR 750 million pay corporate tax at 15%. While the Hungarian standard corporate tax can remain 9%, the implementation of the global minimum tax will affect all the relevant legislation, alongside the related administrative procedures.
The post Global minimum tax will not affect small businesses in Hungary appeared first on Helpers Finance.
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.
The post Taxes in Hungary 2023 appeared first on Helpers Finance.
New opportunity to save on taxes in Hungary: If your Hungarian company does most of its business in foreign currencies, you can avoid exchange fees by paying your taxes directly in EUR or USD. The new rules apply to TAO and HIPA (the regular corporate tax and the local business tax), and will be relevant starting from January 2023. Read on to learn about the conditions and the pitfalls.
The post Pay your taxes in foreign currencies from 2023 appeared first on Helpers Finance.
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.
The post Checklist for KATA orphans and KATA 2.0 subjects in September appeared first on Helpers Finance.