Wednesday, 18 January, 2023
Flat-rate taxation (or “átalányadó”) is currently the most popular tax regime among freelancers with a relatively low annual revenue. It is not as straightforward as KATA, but it is still simple and low cost compared to other tax regimes.
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Wednesday, 11 January, 2023
Are you an expat living, working, or doing business in Hungary? Then it is best if you keep an eye on changes to regulations in case any of them are relevant to you.
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Wednesday, 4 January, 2023
With the ca. 15% increase to minimum wages in Hungary, you must make sure that the salaries you pay your employees are still above the required minimum, and adjust salaries and labor contracts as necessary.
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Wednesday, 31 August, 2022
Non-EU residents visiting the EU have the option to avoid paying VAT on their purchases in Hungary. This is possible either by shopping duty-free at an airport, or by making purchases at regular stores and reclaiming VAT upon leaving the EU.
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Thursday, 28 July, 2022
On 8 July 2022, the U.S. officially notified Hungary that it was unilaterally terminating the double taxation treaty between the two countries. But what does that mean exactly, and what to expect?
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Wednesday, 20 July, 2022
SZÉP card is the most popular form of fringe benefits in Hungary. It can normally be used for recreational activities, but because of the pandemic, some alterations were introduced. Among these, users were allowed to use the SZÉP card for buying foodstuff as well – with July that has come to an end.
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Wednesday, 13 July, 2022
On 12 July 2022, just one day after its proposal, the Hungarian Parliament has accepted the new KATA law that will affect more than 430,000 taxpayers in Hungary, most of who will no longer be eligible for this tax regime starting from 1 September.
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Thursday, 9 June, 2022
Summer is here, and most people choose this season to go on a vacation in Hungary. But how do summer leaves work at a Hungarian company? Read on to find out.
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Friday, 1 April, 2022
These days, banking is made simple through online platforms and mobile phone apps. But how exactly does money transfer work in Hungary? What is IBAN, SWIFT, and OBA?
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Thursday, 6 January, 2022
The minimum wage has been raised to HUF 200,000 gross, while the social contribution tax has been reduced to 13%. At the same time, personal income tax for persons younger than 25 has been abolished.
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