lunes, 22 mayo, 2017
The Hungarian Tax Authority introduced the representation tax in order to avoid companies buying personal supplies on company money, this way reducing the company’s profit (and paying less as corporate tax).
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jueves, 18 mayo, 2017
Apart from salary, employees can receive a “non-salary compensation”. The various fringe benefits or cafeteria elements offer more favorable taxation options than regular salary – this is why many employers decide to offer cafeteria to their employees.
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miércoles, 12 abril, 2017
In many European countries, buying an already established company is the best and fastest way to start business. In Hungary, however, it is fast and easy to incorporate your own company. This makes founding your own company a better solution than finding an already existing business for sale in Hungary.
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miércoles, 1 febrero, 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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jueves, 8 diciembre, 2016
Dividend is a payment made to the company’s owners from the profit after taxation and free accumulated profit reserves. This also means that if a company did not produce profit, it cannot pay a dividend.
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miércoles, 23 noviembre, 2016
Authorities let companies reduce payroll taxes if they employ workforce who have difficulties entering the labor market. Members of the listed groups may prove as eager, skilled, and earnest employees as anyone else, while employing them grants you significant payroll tax relief.
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viernes, 12 agosto, 2016
If you operate a Hungarian company, you will want to be aware of certain accounting deadlines when you should pay taxes and contributions. Your accountant will always remind you when a payment is due.
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miércoles, 3 agosto, 2016
In Hungary, spending company money is strictly regulated. If you buy things for your company, you simply need an invoice. If you want to buy things for yourself, you take salary or dividend. Let us show you the basics.
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miércoles, 20 julio, 2016
The gross salary is what you agree on with your new hire. Employees pay taxes and contributions from that, so in the end they receive only their net salary. Your company also pays contributions, and the sum an employee actually costs you is called super gross salary.
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lunes, 27 junio, 2016
If someone wants to work in Hungary or offer a job to an employee, it is important to be aware of some basic information. If you plan on starting a new job in Hungary, you will find our short guide essential.
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