Accounting and finance services in Hungary
10+
English speaking accountants
If you operate a company in Hungary, you are obliged to have an accountant. Our English-speaking accounting team will help you understand taxation and financial regulations as well as submit all your reports and declarations – this way you can keep your company compliant while you focus on your business.
Established in 2005, HELPERS is Hungary’s leading provider of comprehensive business and personal services for international clients. Our sister company, Helpers Finance provides bookkeeping, accounting and payroll services, specializing in foreign-owned businesses based in Hungary.
Our accountants work in close collaboration with the consultants of our business team, so we can handle everything from company formation to virtual office and accounting in-house. For details, contact us or ask your account manager.
10+
English speaking accountants
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How we price our packages
Accounting rates are based on your company’s business activity and volume (revenue, number of staff, number of invoices).
Discounts are available for long term clients and for advance payment of 6 months or more.
All our packages feature:
- English-speaking, certified accountants
- Representation at the tax authority in case of inspections,
- Liability insurance
- A dedicated account manager
- Transparent, quarterly pricing
Download Brochure
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Starting package
Ideal for the first period of operation with limited revenue and staff.
The package includes:
- Bookkeeping: up to 20 invoices per month
- Registering bank account statements: up to 30 transactions per month
- VAT reports and declaration to authorities
- Payroll / HR administration: up to 2 employees
- Chief accountant consultation: 1 hour per quarter
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Tailored service packages
Once your business picks up, or if you have specific requirements from the start, we are happy to tailor a quote to your preferences.
Whenever possible, we work with flat monthly packgage fees with no unexpected extra charges.
You can also choose additional services, such as:
- International or customized reporting
- Payroll and HR support for bigger staff
- Issuing invoices on your behalf
- Specialized consulting (tax, legal, etc.)
Contact us
When you are doing business in a foreign country, it is especially important to have a clear understanding of taxation and financial regulations as well as professionals keeping your books – this way you can keep your company compliant. Please note that if you are also applying for or currently holding a resident permit in Hungary, it is crucial that you keep your company’s books in order at all times, as these are checked by the immigration authority.
To get informed, download our taxation fact sheet and read our up-to-date blog articles.
To help you estimate your business costs, we have also created these easy-to-use calculators:
Helpers Finance Services
In Hungary, all companies must have accounting services through a licensed local accountant from the date of their incorporation. We are aware that some countries are more flexible or lenient in this regard, so we would like to ensure that our clients are aware of their obligations when setting up a company in this country, and can (with our assistance) run a compliant operation. At HELPERS, we focus on making administrative procedures as easy as possible for our clients and specialize in the specific requirements of foreign-owned businesses. Especially if you choose HELPERS for all your need in Hungary including company formation, virtual office, and even immigration, you’ll benefit greatly from having all your procedures handled in a coordinated workflow.
Accounting for startups and SMEs
We provide accounting and financial services including bookkeeping, invoicing, payroll, financial controlling, profit and loss calculations, cash flow projections and many more. All of our services focus on small and medium-size, foreigner-owned businesses. This specialization, in combination with related areas of our activity (like business planning, incorporation, residency and work permits) yields a unique pool of knowledge and experience that no other service provider in Hungary can boast. Working with a senior accountant, junior colleagues, and – when needed – external specialists like VAT or customs experts, we are able to cover all your accounting needs in one place. When starting up in a new country, most businesses do not have a local finance team, so foreign companies of all sizes must have a competent and specialized accountant’s support.
Reviews
What our clients say
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I’m writing this review because the lawyer I spoke with before helpers (who is high up in the google search results) wanted 150 euro before he would say a word to me about my Hungarian visa issues.
By contrast, Helpers were kind, attentive and extremely fair. Anna is an excellent and sharp advocate, she helped me quickly and effectively, and I can’t recommend Helpers enough. (In retrospect, I guess I shouldn’t be so surprised to find an idealistic and capable firm when of all the names available, they chose the name Helpers.)
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I would like to thank Ekin and Anna who helped me from the beginning to the end from company incorporation, opening a company bank account and obtaining a residence/work permit. Their communication was very positive and constructive and always solution oriented. The Helpers are very professional and when I need an opinion or ask for an update, they are very quick to respond. I can recommend them to everyone.
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Helpers was dedicated to facilitating my case. There were several instances where I thought I would not succeed and I simply would have been lost in the maze of bureaucracy without them. The initial application submission assistance is convenient and relatively easier than doing it yourself, but the real value in this service is having a third party closer to the inside that is more fluent in the language and can help eliminate the inevitable confusion and complication. Rest assured Helpers can simplify and illuminate the path to success for you.
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I’m In France and wanted more info on getting my activity to Hungary. Very positive feedback. Tala has been the only one to get back to me and with a very detailed answer!
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My experience with Helpers team is excellent. During almost a year of cooperation we opened LLC company in Hungary, I received residence permit for 2 years. I have assistance in finance questions, accountancy, legal questions. All problems are solved in prompt and smart way. During this journey there were a lot of difficulties and complicated questions, plenty of request from authorities. But due to Helpers assistance actually I’m absolutely sure that any problem could be solved. They are like a part of my company. And I’m confident about this part.
I strongly recommend to establish your business in Hungary with Helpers. You will receive a pleasure from their problem-solving and communication skills. And your company will work properly for sure.
Also my special thanks to Tala Shalati, Anna Kőszegi, Norbert Tekler, Tímea Köbli and Tamara Szabó. I really appreciate that my acquaintance with Hungary began with you!
Frequently Asked Questions
FAQ
In Hungary, all companies must have accounting services through a licensed local accountant from the date of their incorporation. We are aware that some countries are more flexible or lenient in this regard, so we would like to ensure that our clients are aware of their obligations when setting up a company in this country, and can (with our assistance) run a compliant operation.
How do I issue an invoice?
Invoices to buyers/clients can only be issued through a licensed invoicing software. Invoices issued in Excel, foreign invoicing programs or other means are not acceptable in Hungary. With a certified invoicing software, you’ll be able to issue invoices in Hungarian and English, in full compliance with the local regulations, and even in PDF format if you wish. Of course, we will assist you in acquiring the software and learning how to use it.
VAT is value added tax, also known as sales tax in some countries. In Hungary, VAT is 27%, and whenever you buy something in a shop for example, it is always already added to the price you see. When you start your company in Hungary (which will immediately receive an EU VAT number as well), and issue your own invoices towards your clients, you will charge VAT only towards individual (retail) buyers or corporate EU-based buyers who are not registered for VAT. However, if you are an international trader, you may not charge VAT at all.
What are the basic corporate taxes I have to pay in Hungary?
The basic Hungarian business taxes are the following:
- local business tax: 2% on net revenues (meaning: your income minus any direct costs such as cost of goods or services that are re-sold)
- corporate tax (also known as profit tax): 9%; applies to profits after the deduction of all expenses including direct and general expenses
- dividend tax: the company’s taxed profits can be retained in the company’s budget or paid out to shareholders as dividend; in Hungary, dividend tax is 15% – however, this only applies to Hungarian residents; in the case of non-local residents, specific bilateral agreements between Hungary and your country of residence may apply. Dividend payments between companies are tax free.
- VAT (value added tax, or also known as sales tax in some countries) is 27%; whenever you buy something in a shop for example, it is always already added to the price you see. You will charge VAT only towards individual (retail) buyers or corporate EU-based buyers who are not registered for VAT, meaning that if you are an international trader, you may not charge VAT at all.
What are the most important dates for my accountant?
- Fiscal year closing / reports due: May 31st for the previous fiscal year
- VAT declarations and payments: on the 20th of each month, for the preceding month or quarter (depending on how often the company declares VAT)
- Payroll taxes & social contributions: on the 12th of each month, for the preceding month
- Corporate tax advances: paid quarterly on the 20th of July, October, January and April, in 4 equal installments, calculated on the basis of the previous closed fiscal year
What are the most important deadlines for me?
- Submitting invoices and bank statements to the accountant: 5th of each month
- Reporting sick leaves, salaries or bonuses: 1st of each month
- Reporting any changes in the company’s operations (changes in ownership, owner’s or director’s personal data, bank accounts, activity, employees, etc.): within 5 working days
