Taxes
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.
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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 …
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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.
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As part of the economic relief measures in Hungary related to the COVID-19 pandemic, the government will provide an allowance for 3 months for income lost due to reduced working hours.
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The Hungarian government introduced the following economic relief measures to alleviate the burdens posed by the current COVID-19 pandemic, and make sure it is easier for everyone to get through these difficult times and pick up work once the situation clears up:
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