Decreasing Taxes In The Proposal For 2018

The official proposal of tax laws for 2018 include various amendments, such as

  • the special tax of SMEs drops from 14% to 13%,
  • the health contribution payable from property rental income of individuals (14%) is cancelled,
  • the VAT of internet services drops from 18% to 5%,
  • the VAT of fish drops from 27% to 5%.

The social contribution payable on gross salaries will decrease further in 2018, to 20% as prescribed in the law last year. At the same time, the minimum salaries increase: for unskilled jobs by 8%, for skilled jobs by 12%.

For further detailed information just contact us.

Recent Posts

August 13, 2024

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…

Continue reading
July 11, 2024

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…

Continue reading
April 29, 2024

Cross-border Payroll in Hungary

We receive more and more inquiries from foreign companies regarding the various possibilities of employment in Hungary. It is also common for a foreign worker…

Continue reading