Personal Income Tax

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.

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.

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.
The post U.S.-Hungarian double taxation treaty stays canceled appeared first on Helpers Finance.

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 (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.

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.
The post Pay your Hungarian taxes online through EFER appeared first on Helpers Finance.

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.

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.

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. …
The post Double taxation treaty cancelled between the US and Hungary appeared first on Helpers Finance.