The current value limit when a fixed asset can be expensed instantly is HUF 100,000, approx. EUR 300. Assets below this limit do not have to be depreciated over several years but can be simply posted as current expense of the company, decreasing the profit and the corporate income tax.
The value limit will double in 2019 to HUF 200,000 (EUR 600), and a lot of assets will be involved. IT equipment, mobile phones, furniture, and many other items are on this list.
Hungary has introduced a new obligation for businesses that issue receipts outside the existing online cash register network. From 1 September 2026, these businesses must…
How a dividend paid by a Hungarian company is taxed depends entirely on who receives it. Corporate shareholders and individual shareholders face very different rules,…
Hungary applies a single flat corporate income tax (CIT) rate of 9%, the lowest standard rate anywhere in the European Union. The rate has stood…
