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.
Hungary applies a single flat corporate income tax (CIT) rate of 9%, the lowest standard rate anywhere in the European Union. The rate has stood…
Proper planning is key to every successful business activity. While certain payroll schemes are similar across markets, labour costs and taxation are unique to each…
Value added tax (VAT) applies to most goods and services bought and sold across the European Union. While the EU sets standard rules, each member…
