News
Annual Reports in Hungary
The financial statements, commonly referred to as annual reports, contain essential information for business owners and management. Although accountants generally use the term financial statements…
A Guide to Payroll for Foreign-Owned Businesses in Hungary
Serving as a bridge between the east and west, Hungary is ideally positioned for trade across Europe. It is an EU member state already favoured…
BUSINESS IN HUNGARY
As a developing economy in the middle of Europe, and a member of the European Union, Hungary offers great opportunities for foreign companies to invest…
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…
Hungary Announces Minimum Wage Increase for 2026
An agreement has been signed to raise both the minimum wage and the guaranteed minimum wage in Hungary starting January 1, 2026. This adjustment aims…
Business Entities in Hungary: Subsidiary vs. Branch – Which Is Best for Your Company?
Hungary offers a business-friendly environment with the lowest corporate tax in the EU (9%) and strategic access to European markets. If you plan to expand,…
Christmas Bonuses: A Leinonen Guide for Foreign-owned Businesses in Hungary
Christmas bonuses can elevate morale, increase productivity, and boost employee retention by helping your team feel truly valued. Getting informed on the impact of Christmas…
Common VAT Mistakes in Hungary in 2024 (and how to Avoid Them)
Value added tax (VAT) is a tax that applies to most products and services bought and sold in the European Union (EU). While standard rules…
New fining rules for all companies
The Hungarian government has issued a new decree doubling the fines that the tax authority (NAV) can impose. The decree was introduced in reference to…