Wednesday, 1 February, 2017
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!
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Wednesday, 1 February, 2017
Managing directors can feel sometimes that the only purpose of financial accounting is to fulfil the requirements of the Tax Authorities. However, transparent and faithful representation is useful, as it is essential for informed decision making.
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Wednesday, 4 January, 2017
In 2017 the first day of the Chinese New Year is 28 January, initiating the year of the rooster. The Chinese have a celebration that lasts for about 20 days. Employees have seven days off from work, and business is usually resumed on the 8th day of the festival. This may have an effect on your business if you have a Chinese partner.
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Monday, 19 December, 2016
KIVA is short for Small Business Tax in Hungarian (“Kisvállalati Adó”). It is a tax construction that can be chosen by small businesses if they fulfil certain conditions. Let’s see how KIVA changes in 2017.
Read MoreMonday, 19 December, 2016
Value Added Tax, or VAT in Hungary is a consumption based tax, which is regularly added to the net price of products sold. If you have a company and you can reclaim VAT, its sum will matter to you. So let’s see the changes to VAT in Hungary in 2017.
Read MoreMonday, 19 December, 2016
Hungarian taxation rules are quite strict. If you run a Hungarian company, you need an accountant who is knows the latest updates to regulations and all declaration process changes.
Read MoreMonday, 19 December, 2016
Personal income tax in Hungary is currently 15%. It is deducted from the gross salary of employees, who get only their net salary. It is the employer who transfers taxes and contributions to the authorities. This will not change in 2017 – let’s see what will!
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Wednesday, 14 December, 2016
If you want to set-up a company in the EU, Hungary has been the best choice for a long time. Now running a business in Hungary will become even more economical thanks to new legislation on 9% corporate tax from 2017.
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Thursday, 8 December, 2016
Hungary has a long-standing cafe-culture, but while this used to be an afternoon or evening pastime, expats and young Hungarian professionals have created a trend to have breakfast or brunch at their favorite cafe.
Read MoreThursday, 8 December, 2016
It goes without saying that different countries have different cultural norms and different ways of interacting, but finding a foreign business partner that speaks the same language we do can trick us into thinking that we understand each other perfectly. Which might not always be the case.
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