As from January 2017 there is change in the invoicing rules. Until now the seller’s tax number must always have been on the invoices. But now also the buyer’s tax number is a compulsory item on the invoice if the VAT is HUF 100,000 or more. It is very important, and these transactions will have to be reported one by one from July in the VAT returns.
For further details contact us at contact@leinonen.hu
How a dividend paid by a Hungarian company is taxed depends entirely on who receives it. Corporate shareholders and individual shareholders face very different rules,…
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…
