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.
We receive more and more inquiries from foreign companies regarding the various possibilities of employment in Hungary. It is also common for a foreign worker…
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…
