If you operate a Hungarian company, you will have to pay taxes. Taxes in Hungary must be paid by wire transfer from your Hungarian HUF corporate bank account to the dedicated bank account of the Tax Authority. Let’s get a closer look at how that works.
The basic taxes at your Hungarian company are as follows:
Depending on your business, other types of taxes may apply. Consult your accountant before you make any major purchases for your company, such as buying property.
Taxes must be paid monthly, quarterly, or yearly, and they are calculated regularly by your accountant. In special cases, you might also receive a note from the Tax Authority that a specific tax must be paid, e.g. after a property purchase.
Whether the information comes from your accountant or the Tax Authority, you will always receive the details of the tax to be paid.
Normally, you are supposed to pay your taxes in HUF by wire transfer from your Hungarian corporate bank account. Unless told otherwise, you should indicate the VAT number of your company in the comment section.
Tax payments can only be completed by wire transfer. If your company does not have a Hungarian bank account for whatever reason (especially as corporate bank account opening in Hungary has become more difficult over the last few years), you can try and make the payment from:
Unfortunately, other forms of payment are not accepted in the case of company related taxes. This means that you cannot walk in to a branch office of the Treasury to make a deposit to the right tax account number, nor can you ask for a yellow cheque to pay your company related taxes at a post office. You must make a wire transfer.
The Helpers Team has 15+ years of experience providing business and immigration support to expats living, working, and doing business in Hungary. We always do our best to find custom solutions to every situation and help you get things done in Hungary.
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