Category: Accounting and Finance

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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This is what you write on the invoice in Hungary

What to write on the invoice in Hungary? – Accountancy quick guide

Wednesday, 6 December, 2017

If you operate a Hungarian company, whenever you sell something, you have to issue an invoice. But what kind of data should you include? Read on, and learn what to write on the invoice in Hungary! Data of your company You have to include the basic data

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Hungary offers the fastest incorporation in the EU

Fastest incorporation in Europe

Wednesday, 13 September, 2017

When you have a business idea you want to make reality, you don’t want to waste time with unnecessary administration. Hungary offers the fastest company incorporation procedure in Europe. Have your company incorporated in just a few days Founding a lim

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You only need your passport

What documents are required for company formation in Hungary?

Tuesday, 5 September, 2017

Your passport is the only document you need to bring. For nationals of many European countries, an ID card might be enough. However, be sure to check with us in advance if this applies to you.

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Settingup a Hungarian company with your most trusted Helpers

Setting up a Hungarian Company

Thursday, 20 July, 2017

Setting up a company in Hungary is fast and uncomplicated. We will walk you through the process in detail in this post. Rest assured, we’ve got your back!

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