For the past decades, Hungary has offered the most favorable conditions for businessmen intending to set up a company in Europe. Now new regulations make it even more attractive. Read our tax alert and learn about the 9% corporate tax and more!
From 1 January, 2017, corporate tax will be as low as 9%. Corporate tax up till now was already the lowest in Europe (with 10%). The new 9% corporate tax makes Hungary a top destination for not only small and medium-sized companies but also for corporate entities.
Interested? Make sure to consult your accountant on the above, as they will be able to tell you exactly how much you can save on the above corporate tax reduction and tax allowances. Alternatively, you can also ask for a consultation with the accounting and finance department of Helpers. Call +36-1-317-8570 or send an email to email@example.com.
Find more news on Hungarian tax regulation in 2017.
Talks of a global minimum tax have recently become a hot topic after several international players proposed it. In May both the USA and the OECD made mentions of such a tax, and in June the G7 made a commitment towards its introduction. However, Hungary is against it, for now.Read More