Taxes
Have you heard about double taxation? The expression may sound intimidating: paying taxes once is just about enough, right? Luckily, double taxation is not too frequent, but it is important to be familiar with the mechanism. In this blog post, we explain the basics. When does double taxation apply? If you work in your country …
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Are you planning to purchase real estate in Hungary? You should be aware of a cost that will not be included in the contract: property tax. This blog post explains what you need to know if you would like to avoid an unpleasant surprise from the tax authority after buying your dream home. What is …
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Do you own, manage or do business with multiple SMEs in Hungary? They may be considered affiliated undertakings, which can affect taxation depending on the circumstances. The regulation seems complex, but Helpers Finance is here to help. In this blog post, we explain all you need to know. What is an affiliated undertaking? In Hungary, …
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Imagine that you are at Budapest Airport, waiting at the customs check and about to leave Hungary. As a non-EU resident, you are entitled to value added tax refund after your purchases made in the European Union. However, the conditions are quite complex. The regulation (see the European Commission’s website for more information) focuses on …
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The recent changes to regulations have increased the minimum wage in Hungary by 4%. The guaranteed minimum salary, another type of minimum pay, has also grown by the same amount. In this blog post, we explain how this affects your accounting.
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As of 1 February 2021, the minimum wage is raised to gross HUF 167,400, and the guaranteed minimum salary to gross HUF 219,000. Learn how this affects your company costs.
The post Salaries and payroll taxes in 2021, Hungary appeared first on HELPERS.
In times of change, it makes sense to base your plans on factors that are less liable to change. This is why it is worth choosing Hungary when you are moving your business to Europe.
The post How to save money on European company setup in covid times appeared first on HELPERS.
When you want to start doing business in Hungary, you might want not to create an individual LLC but set up an outpost of your foreign company, which can be a branch office or a commercial representative office.
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While decreasing business volumes caused by the pandemic place an unexpected burden of both employers and employees, various benefits and tax reductions help business owners in Hungary to retain work force while keeping their business afloat. State aid for reduced working hours Lower business volume means less income as well as less work. As a …
The post Pandemic relief: state aid, modified payroll taxes and unpaid leave rules appeared first on Helpers Finance.
Part of the economic relief measures in Hungary due to the coronavirus pandemic, some payroll taxes are reduced to help retain employees and heighten job security. The structure of fringe benefits and healthcare contributions also changes.
The post Payroll taxes and contributions reduced in Hungary during the pandemic appeared first on HELPERS.