Taxes

KGFB: motor third-party liability insurance in Hungary

Motor third party liability insurance is required for every motor vehicle running on public roads in Hungary. This type of insurance is called KGFB in Hungarian, and you can switch providers once a year: in November.

The post KGFB: motor third-party liability insurance in Hungary appeared first on HELPERS.

KGFB: motor third-party liability insurance in Hungary

Motor third party liability insurance is required for every motor vehicle running on public roads in Hungary. This type of insurance is called KGFB in Hungarian, and you can switch providers once a year: in November.

The post KGFB: motor third-party liability insurance in Hungary appeared first on Helpers Hungary.

Toll stickers for your Hungarian company car

In Hungary, most highways are toll roads, meaning you need to pay a toll while driving them. That is done easiest by buying a toll sticker for the vehicle, which can function as a weekly, monthly, or yearly turnpike pass for your company car.

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Budget for the payroll costs at your Hungarian company

Before you make your first hire at your Hungarian company, consider the payroll costs you will incur through their employment. Read on to learn about minimum wages, payroll taxes, and company costs.

The post Budget for the payroll costs at your Hungarian company appeared first on Company Formation.

Wine products no longer subject to representation tax in Hungary

Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the wine sector at the end of the year.

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Does Hungary allow multiple citizenships?

Yes, Hungary allows not only dual, but also multiple citizenships. There is no limit on the number of countries you can be a citizen of beside Hungarian citizenship. However, there is a few things you should watch out for.

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Does Hungary allow multiple citizenships?

Yes, Hungary allows not only dual, but also multiple citizenships. There is no limit on the number of countries you can be a citizen of beside Hungarian citizenship. However, there is a few things you should watch out for.

The post Does Hungary allow multiple citizenships? appeared first on Helpers Hungary.

Hungarian pension tax records accessible online

As part of the electronic administration in Hungary, personal pension tax records are available for review online. With your Ügyfélkapu access, you can log in to the database of the Treasury, and see if everything is fine. Read on to learn how that works.

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Do I get a refund on my taxes intended to cover pension payments upon leaving Hungary?

If you leave Hungary before you reach retirement age, you do not get a refund on these taxes. However, you will be compensated depending on where you retire.

The post Do I get a refund on my taxes intended to cover pension payments upon leaving Hungary? appeared first on Helpers Hungary.

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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