Taxes

Hungarian Tax Authority conducts more tax inspections

The number of yearly tax inspections conducted by the Hungarian Tax Authority has been steadily increasing over the past few years. The most popular tax inspected continues to be VAT, since it is a major contributor to the national budget. If your company operation is compliant with regulations, you have nothing to worry about.

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Renew your expiring TAJ card – Social security in Hungary

Is there an expiration date on your Hungarian social security card? If yes, make sure to get a new TAJ card before it expires so you remain eligible for healthcare services in Hungary.

The post Renew your expiring TAJ card – Social security in Hungary appeared first on Helpers Hungary.

Renew your expiring TAJ card – Social security in Hungary

Is there an expiration date on your Hungarian social security card? If yes, make sure to get a new TAJ card before it expires so you remain eligible for healthcare services in Hungary.

The post Renew your expiring TAJ card – Social security in Hungary appeared first on HELPERS.

Property sale in Hungary: How to sell your apartment as an expat?

To sell your Hungarian apartment, you will need a lawyer to create the contract between you and your buyer and to submit it to the land registry. You might also be required to pay a 15% personal income tax after the deal – however, this property sale tax might be reduced to zero in various cases.

The post Property sale in Hungary: How to sell your apartment as an expat? appeared first on Helpers Hungary.

Property sale in Hungary: How to sell your apartment as an expat?

To sell your Hungarian apartment, you will need a lawyer to create the contract between you and your buyer and to submit it to the land registry. You might also be required to pay a 15% personal income tax after the deal – however, this property sale tax might be reduced to zero in various cases.

The post Property sale in Hungary: How to sell your apartment as an expat? appeared first on HELPERS.

Apply for the Hungarian family housing allowance before it is reduced

CSOK, the Hungarian family housing allowance was created to support families in finding a home. Young married couples who pledge to have children are eligible for a non-refundable allowance and favorable interest rates for property purchase. Now it seems the conditions for eligibility will be severely reduced starting from 2024.

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Tax benefits for government securities in Hungary

When you have income from interests, normally you pay personal income tax and social security contribution on those. However, if you invest in Hungarian government securities, you may not be required to pay either of those.

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Tax payment notices urging businesses to clear their debts

The Hungarian Tax Authority is now sending notices to businesses if the payments they made for 2022 do not match the amount they were supposed to pay, whether they are in arrears or in overpayment. If you are not sure, you can also always check your balance online.

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Hungarian tax residents are responsible for declaring correct data

Recently, the Hungarian Tax Authority has published a press release to remind everyone that Hungarian tax residents must be aware if their income generated abroad is taxable in Hungary too. Relevant data are typically communicated between national tax authorities, and if someone misses declaration, they can expect a payment notice, or even a fine.

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Better fringe benefits for your Hungarian employees in 2023

As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card for buying groceries. This way you as an employer can also provide better fringe benefits to your Hungarian employees.

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