Вторник, 27 июля, 2021
Talks of a global minimum tax have recently become a hot topic after several international players proposed it. In May both the USA and the OECD made mentions of such a tax, and in June the G7 made a commitment towards its introduction. However, Hungary is against it, for now.
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Понедельник, 28 сентября, 2020
If you want to build lasting and fruitful business relationships locally, you should get familiar with basic business etiquette in Hungary. Show your respect towards your partners by being well-dressed, punctual, and polite.
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Понедельник, 4 ноября, 2019
In 2020, many bank holidays fall on weekends. However, Sundays that are bank holidays are different from regular Sundays. On bank holiday Sundays, shops are typically closed, and if you need employees to work, different wage supplements will apply.
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Четверг, 18 января, 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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Понедельник, 27 ноября, 2017
Instead of having one free day in the middle of the work week, Hungarian people usually prefer to have long weekends in exchange for a Saturday that would otherwise be a rest day. As a result, depending on which day of the week bank holidays are, the previous or the following day is granted a rest day by the government to make a long weekend for everyone.
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Понедельник, 22 мая, 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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Четверг, 18 мая, 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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Среда, 1 февраля, 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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Среда, 14 декабря, 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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Четверг, 8 декабря, 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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