Taxes

ONYA user guide – how can ONYA help with your taxes in Hungary?

ONYA is the online portal for reporting your Hungarian income and other information relevant to your taxes. While it is available only in Hungarian, it might make your life easier if you are trying to navigate Hungarian taxation on your own.

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NAV-Mobil – the official app of the Hungarian Tax Authority

Do you want to have access to your tax related information on the go? Then the official mobile app of NAV, the Hungarian Tax Authority is for you. For now, the app NAV-Mobil is available only in Hungarian, but it might still be a valuable tool for you.

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Am I obligated to pay for my employee’s commute expenses?

When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible for the reimbursement of their commute expenses.

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How many citizenships does Hungary allow?

The short answer is: Hungary does not limit the number of citizenships its citizen may hold at the same time. You can have Hungarian citizenship as your second or third citizenship. However, this does not automatically mean that you can hoard citizenships without consequences.

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VAT rates in Hungary

In Europe, VAT is a tax on consumption, added to the net price of goods. Standard VAT rates are different in each EU member state and depend on the type of goods or services. If you trade internationally, calculating VAT will be an essential part of your accounting and bookkeeping.

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Don’t forget to donate your 1% personal income tax

The deadline to report your personal income tax in Hungary is coming up: 21 May 2024, Tuesday. At the same time, you can also donate 1+1% of your taxes. This costs you nothing, and you can support a good cause.

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Local business tax: report HIPA for 2023 on the 23HIPAK form by 31 May

Are running a business in Hungary? Then you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, normally you must submit a report every year.

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Tax returns season coming up in Hungary

Tax returns season is starting soon in Hungary. Drafts created by the Tax Authority become available next week; the deadline for submission is 21 May 2024.

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US-Hungarian double taxation treaty canceled – what to watch out for?

The agreement remained in force until 31 December 2023, but now it is not applicable anymore. In response, Hungary has introduced some changes to tax regulations to mitigate the impact.

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Disability benefit for the personal income tax in Hungary

To support people who live with severe health conditions, Hungary offers them a special type of personal income tax benefit. The disability benefit reduces the personal income tax one has to pay, increasing the net salary of employees.

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