Taxes

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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Hungary rejects global minimum tax

The introduction of global minimum corporate tax would be a major update to international tax rules. While the idea has been gaining momentum, some countries are against it. But how would this global minimum tax work? Where does Hungary stand? And most importantly: will your Hungarian business be affected?

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Public health insurance in Hungary: fees & coverage

Health insurance is an important concern for all of us, and even more so currently. You may know everything about health insurance fees and coverage in your own country, but how much do you know about the Hungarian system?

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IOSS: the VAT system for e-commerce into the EU

Starting from 1 July 2021, VAT will apply to all non-EU purchases. The regulation change will have a significant effect on distance sales into the European Union. In order to facilitate the collection, declaration, and payment of VAT under the new regulations, the IOSS scheme was created for sellers as an extension to the already …

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NÉTAK: the tax benefit of mothers of four or more

NÉTAK gives mothers of four or more children an exemption from paying personal income tax. They will earn more while the employer’s costs related to their salary do not increase, making NÉTAK beneficial for both employer and employee.

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VAT exemption of non-EU purchases ends in July

If you buy goods from outside the European Union often, you probably know that value added tax and customs duty do not apply to such purchases under a certain value. But have you heard that the regulation is about to change? The new rules eliminating VAT exemption for non-EU purchases will take effect on 1 …

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