Friday, 8 March, 2024
Tax returns season is starting soon in Hungary. Drafts created by the Tax Authority become available next week; the deadline for submission is 21 May 2024.
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Wednesday, 17 January, 2024
This year, the minimum wage was increased by 15%, while the guaranteed minimum salary by 10%. No changes were made to payroll taxes in 2024, but there have been some changes to the SZÉP Card.
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Wednesday, 24 May, 2023
Are you operating a company in Hungary? Then make sure to report and pay corporate tax for 2022 by 31 May 2023 the latest! You probably have an accountant that helps you with reporting related to your business – get in touch with them to make sure everything is alright.
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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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