Month: January 2018

2018 changes to VAT Hungary

How does VAT in Hungary change in 2018?

Thursday, 18 January, 2018

VAT regulations in Hungary are amended each year to adapt to the changing economical environment. Learn about the 2018 VAT reduction and other new regulations regarding invoices with a high VAT content.

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Changes to personal income tax in Hungary 2018

How does the Hungarian personal income tax change in 2018?

Thursday, 18 January, 2018

If your company has employees, your company deducts the personal income tax from their gross salaries (together with the social contributions). This way employees only get their net salaries, and you transfer their personal income tax to the Tax Authority.

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Changes to corporate tax in Hungary 2018

Corporate tax Hungary 2018

Thursday, 18 January, 2018

Corporate tax in Hungary is still 9%, which is the lowest in the EU. This, with the simple and fast incorporation procedure makes Hungary an ideal place so set up your first EU company and start trading in Europe. See the latest allowances and reductions you can apply for.

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Changes to salaries and payroll taxes 2018 Hungary

Salaries and Payroll Taxes in 2018, Hungary

Tuesday, 16 January, 2018

In 2018 again, Hungarian payroll taxes and salaries have been modified to meet the new conditions of the changing world. Just like last year, the minimum wage has been increased, while the employer’s payroll taxes decreased.

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2018 changes to fringe benefits in Hungary

2018 changes to fringe benefits in Hungary

Monday, 15 January, 2018

Offering fringe benefits can make your company a more attractive work place for professionals, while it also helps you cut costs on taxes and contributions. In light of the latest developments, you might want to change the cafeteria plan you offer to your employees.

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Let your account know about foreign company bank accounts

Foreign bank accounts for your Hungarian company

Thursday, 11 January, 2018

Your accountant should know about all bank accounts you have registered with your Hungarian company, regardless whether it is at a Hungarian or a foreign bank. Check your records, and make sure your accountant knows about all your company bank accounts.

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All Hungarian company transactions should go through your company bank account

Which transactions must go through your company bank account in Hungary?

Wednesday, 10 January, 2018

The short answer is: all of them. Your company bank account is part of the ID of your company. Your company remains compliant with Hungarian regulations if you make all transactions through a bank account registered for your Hungarian company.

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