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’s tax authority NAV is retiring ÁNYK, the form-filling program in use since 2008, and replacing it with data-based systems. The original plan was a…
The Hungarian government has published a draft wealth tax act for public consultation. Comments were accepted until 14 October 2026, and the bill is not…
Hungary has introduced a new obligation for businesses that issue receipts outside the existing online cash register network. From 1 September 2026, these businesses must…
