Taxes

Can I buy a car in Hungary?

If you have a Hungarian address, yes, you are allowed to buy a car in Hungary. You don’t even need a driver’s license for the purchase (if you don’t want to drive your car). Read on to get an overview of what to watch out for when buying a vehicle.

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Changes to family related tax benefits in Hungary in July 2025

While the family tax benefit is being increased from July, eligibility for the tax benefit of mothers of four or more is narrowed down. As a result, payroll specialists need to pay extra attention to calculating taxes for employees this month, while the July take-home-pay of some employees will change in Hungary.

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Who pays social security cash benefits to your employees?

Under specific circumstances, your employees are entitled to receive cash benefits from the social security system. Social security allowances are usually paid directly by the Treasury, but in some cases, the employer can become a paying agent for them.

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Strategic tax residency can save you time and money

Tax residency is about where you pay taxes. In contrast, tax nomadism is a view that if you move around enough, you will not become a tax resident anywhere and you can avoid paying taxes. While this might work in the short run, it will definitely cause problems in the long run. Instead, it makes more sense to make a strategic decision about where you want to be a tax resident.

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Understanding Local Business Tax (HIPA) in Hungary

Hungary has the lowest corporate tax rate in the EU at just 9%. But business owners should also be aware of another tax: the local business tax, or HIPA (short for “Helyi Iparűzési Adó” in Hungarian). This tax can be up to 2% of your net income and is charged based on where your business operates.

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Tax returns in Hungary in 2025

If you are a tax resident in Hungary, you have until May 20, 2025 to submit your tax returns for the year 2024. If you have an Ügyfélkapu or DÁP access, this will take only a few minutes, as the whole procedure is online.

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Make sure to donate your 1% this year too

The deadline for filing your tax returns regarding the year 2024 is May 20, 2025. Make sure to submit both your tax returns and the forms that let you donate 1+1% of your personal income tax, and support a good cause in Hungary.

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Global minimum tax at your Hungarian company

Hungary is a safe haven concerning the global minimum tax. Standard corporate tax remains 9% for small and medium sized companies, while the 15% global minimum tax only affects international corporations with a yearly revenue above EUR 750 million. Read on to learn what this means for your Hungarian business.

The post Global minimum tax at your Hungarian company appeared first on Company Formation.

Global minimum tax at your Hungarian company

Hungary is a safe haven concerning the global minimum tax. Standard corporate tax remains 9% for small and medium sized companies, while the 15% global minimum tax only affects international corporations with a yearly revenue above EUR 750 million. Read on to learn what this means for your Hungarian business.

The post Global minimum tax at your Hungarian company appeared first on Company Formation.

How to make an employment contract in Hungary

When you make your first hire at your Hungarian company, you will need an employment contract to formalize the agreement between you and your employee. Here you can find a quick guide about what to include, as well as some practical advice.

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