Taxes

Changes to taxation in Hungary in 2021 and 2022

Taxes in Hungary are adjusted every year, and the Parliament has recently decided about the next changes to taxation. Some of them will affect your business in Hungary – find out how!

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Selling services – when to charge VAT?

Whether your services are subject to VAT depends on who your customers are and where they are located. Since the applicable VAT rate also depends on the kind of services you sell, international service sales are a complex matter.

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Global minimum tax to be introduced soon?

Talks of a global minimum tax have recently become a hot topic after several international players proposed it. In May both the USA and the OECD made mentions of such a tax, and in June the G7 made a commitment towards its introduction. However, Hungary is against it, for now.

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Development tax benefit for your Hungarian SME

The development tax benefit allows Hungarian SMEs realizing certain investments to decrease their corporate tax by up to 80%. The mechanism is simple: you can reduce your corporate tax by a certain portion of the amount you invested.

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Hungary cuts taxes on cryptocurrencies by 50%

The new regulation features a separate section about cryptocurrencies in the act on personal income tax. What remains unchanged is that you only need to pay taxes when you exchange your cryptocurrencies for “traditional” currencies such as euros or forints.

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How will your taxes in Hungary change from 2022?

The parliament has recently approved tax cuts in Hungary from 2022. This week, we take a look at the update to regulations, explaining how it will affect your business in Hungary.

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How does the SZÉP card work in times of Covid?

the government recently had to adjust the corresponding rules due to the economic impact of Covid. But what are these changes are and how long will they be in place?

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The OSS at work: VAT rates in the European Union

In line with new regulations, the MOSS (Mini One Stop Shop) will be renamed to OSS (One Stop Shop) and extended to cover a wide range of goods.

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Non-EU shipping regulations: VAT and customs duty

Although most of our clients operate in Hungary to be able to trade within the European Union, shipments from outside the EU are important to many of them. If you are shipping from a non-EU country, where and when to pay VAT and customs duty becomes a crucial factor in calculating costs. Planning to purchase …

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The private health insurance system in Hungary

Private health insurance plans allow you to access private healthcare facilities for a monthly fee. These institutions usually offer higher comfort, shorter waiting periods (if any), and more modern equipment than public hospitals.

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