Currently there are two corporate tax rates in Hungary: 10% up to HUF 500 million EBT (EUR 1.6 million), and 19% above this limit. From 2017 there will be one general rate of 9%.
It means that all the companies can save at least 10% on the corporate tax and that there is no need to keep the profit below HUF 500 million. This step can also improve the competitive position of Hungary and attract more companies to settle in the country. Actually 9% is the lowest tax rate in the EU. It is in Austria 25%, in Romania 16%, in Slovakia 22%, in Croatia 20%, in Slovakia 17%, in Poland 19%.
2017: The Lowest Corporate Tax in EU
Recent Posts
April 22, 2025
BUSINESS IN HUNGARY
As a booming economy in the middle of Europe, and a member of the European Union, Hungary offers great opportunities for foreign companies to invest…
April 9, 2025
VAT Registration in Hungary: What do Businesses Need to Know in 2025?
Having a robust understanding of rules and regulations surrounding VAT registration in Hungary saves significant money, time, and hassle for businesses. In this article, we…
March 7, 2025
Public Holidays in Hungary: What are Your Responsibilities as an Employer?
National holidays grant Hungarian citizens the opportunity to remember significant historical events, and take part in important religious and cultural traditions. As an employer, you…