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.
Explore the story of Ákos, the Country Manager at Leinonen Hungary, and uncover why he was initially taken aback by the company’s Finnish work culture.…
Hungary has not implemented the SAF-T system yet, but it has a more detailed system for several years. Since the data of every issued invoice…
Each year, the stakeholders agree on the minimum wage and guaranteed minimum wage valid for the following year. The agreement between employers and employees is…
