Personal Income Tax

What are all those 1% billboards about?

Wherever you go in Hungary these days, you will see billboards asking for your 1%. But what do they mean? Well, they are asking you donate 1% of your personal income tax, which you can do now that the tax returns season is coming up. And how does that work?

The post What are all those 1% billboards about? appeared first on HELPERS.

What are all those 1% billboards about?

Wherever you go in Hungary these days, you will see billboards asking for your 1%. But what do they mean? Well, they are asking you donate 1% of your personal income tax, which you can do now that the tax returns season is coming up. And how does that work?

The post What are all those 1% billboards about? appeared first on Helpers Hungary.

U.S.-Hungarian double taxation treaty stays canceled

Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the treaty might be reinstated or a new treaty might be introduced.

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Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary

Flat-rate taxation (or “átalányadó”) is currently the most popular tax regime among freelancers with a relatively low annual revenue. It is not as straightforward as KATA, but it is still simple and low cost compared to other tax regimes.

The post Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary appeared first on HELPERS.

Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary

Flat-rate taxation (or “átalányadó”) is currently the most popular tax regime among freelancers with a relatively low annual revenue. It is not as straightforward as KATA, but it is still simple and low cost compared to other tax regimes.

The post Flat-rate taxation costs: a comprehensive guide for freelancers in Hungary appeared first on Helpers Hungary.

Pay your Hungarian taxes online through EFER

EFER is a tool with which you can pay your Hungarian taxes online by card. It is constantly under development, so you can already pay most taxes through it relevant to natural persons and freelancers, while companies still need to wait for their turn. Read on to learn how the system works.

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Salaries and payroll taxes in 2023, Hungary

With the ca. 15% increase to minimum wages in Hungary, you must make sure that the salaries you pay your employees are still above the required minimum, and adjust salaries and labor contracts as necessary.

The post Salaries and payroll taxes in 2023, Hungary appeared first on HELPERS.

Salaries and payroll taxes in 2023, Hungary

With the ca. 15% increase to minimum wages in Hungary, you must make sure that the salaries you pay your employees are still above the required minimum, and adjust salaries and labor contracts as necessary.

The post Salaries and payroll taxes in 2023, Hungary appeared first on Helpers Hungary.

5 things to watch out for as a freelancer under flat-rate taxation

Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules you need to learn about deadlines, limits, and tax exemption. Read on to get an overview of the 5 most important things you must keep …

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Double taxation treaty cancelled between the US and Hungary

Early July, the U.S. canceled the double taxation treaty between Hungary and the U.S. Unless a new treaty is signed over the next year or so, natural persons and entities that have income from both the U.S. and Hungary will face a significant tax increase starting from January 2024. Double taxation treaty with the U.S. …

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