Personal Income Tax
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They say it is better to give than to receive. It is certainly nice to present your business partners with something nice, but what written and unwritten rules pertain to business gifts in Hungary? Let’s find out the basics.
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NÉTAK gives mothers of four or more children an exemption from paying personal income tax. They will earn more while the employer’s costs related to their salary do not increase, making NÉTAK beneficial for both employer and employee.
The post NÉTAK: the tax benefit of mothers of four or more appeared first on Helpers Finance.
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If you live and work in Hungary, you must file tax returns in Hungary every year. With the 20 May deadline for filing your tax returns for the previous calendar year approaching, read a summary on the process and make sure you stay abreast of this topic and avoid unpleasant surprises. Tax return drafts: a …
The post Tax returns in Hungary: the essentials appeared first on Helpers Finance.
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Taxation is simple if you only have income where you live. However, it gets complicated when you start making money in two countries. By determining your tax residency, you can find out where you need to pay taxes. There are a lot of factors to consider, but Helpers Finance has years of experience in this …
The post Why your tax residency may differ from your address appeared first on Helpers Finance.
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Do you have taxable income in Hungary? If yes, you can choose to donate a small part of your taxes to charitable causes. What is best, this is a donation that does not cost you any extra money, since you pay the same amount in taxes, while you can specify who gets to spend it. …
The post Personal income tax donation: redirect 1% of your PIT to an NGO appeared first on Helpers Finance.
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The Hungarian government introduced the following economic relief measures to alleviate the burdens posed by the current COVID-19 pandemic, and make sure it is easier for everyone to get through these difficult times and pick up work once the situation clears up:
The post Economic relief measures in Hungary during the COVID-19 pandemic appeared first on HELPERS.
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Determining tax residency is of key importance in deciding where to pay taxes after income. Normally, a country may levy a tax on income if the individual generating it has tax residency in the given country. However, if an individual is resident of more than one country, the question of where to pay taxes arises. …
The post Where to pay taxes? Tax residency in Hungary appeared first on Helpers Finance.
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If your company has employees, your company deducts the personal income tax from their gross salaries (together with the social contributions). This way employees only get their net salaries, and you transfer their personal income tax to the Tax Authority.
The post How does the Hungarian personal income tax change in 2018? appeared first on HELPERS.
Personal income tax in Hungary is currently 15%. It is deducted from the gross salary of employees, who get only their net salary. It is the employer who transfers taxes and contributions to the authorities. This will not change in 2017 – let’s see what will!
The post How do Hungarian personal income tax and social contributions change in 2017? appeared first on HELPERS.