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.
Offering unparalleled flexibility, cost-effectiveness, and access to skilled remote workers, registering as a foreign employer in Hungary is an option worth considering for many foreign-owned…
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One of the most common practical questions we receive from our clients concerns the correct accounting and VAT treatment of advance payments. While advance payments…
