Thursday, 7 March, 2019
Calculating the taxes on dividend and dividend advance is a complex task, so make sure to ask your accountant or payroll specialist to advise you on your specific case before you take dividend from your Hungarian company.
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Monday, 25 February, 2019
In general, the costs related to a business trip are accepted as business costs in Hungary, and as such are deductible from the corporate tax. Some expenses, however, are subject to the so called “representation tax”.
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Wednesday, 13 February, 2019
Company owners are allowed to take dividend from the profit of the company. From 2019 January, regulations on dividend tax change: instead of the health contribution, a social contribution tax is to be paid to the tax authority.
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Monday, 21 January, 2019
Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.
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Monday, 7 January, 2019
Hungarian payroll taxes and salaries were modified the end of December, but they are already valid for January. Following the same trend as last year, the minimum wage has been increased, while the employer’s payroll taxes remained the same.
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Wednesday, 23 May, 2018
If you operate a company, sooner or later you will need employees. We have already wrote about what to keep in mind when making a new hire – now let’s see the various scenarios for terminating employment.
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Thursday, 12 April, 2018
If you have a Hungarian company, you probably have at least two or three bank accounts. But why exactly do you need them? Company bank accounts defined by currency The most important feature of a bank account is its currency. Nothing is simpler than re
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Monday, 12 February, 2018
Depending on the nature of their business, we usually suggest that our clients open 2 or 3 bank accounts for their Hungarian companies at a local bank: HUF, EUR, and USD, different currencies for partners from different markets.
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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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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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