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.
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…
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…
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…
