News
Tax increases from 1st of August 2013
The transaction tax will increase from 0.2% to 0.3%, but the maximum transaction tax amount will remain 6.000 HUF per transaction. The transaction duty on…
Partial deductibility of VAT on services related to passenger cars
The previous legislation entirely prohibited the VAT deduction of these services. Furthermore, VAT will be entirely deductible in the case when the service is at…
Compulsory company modification
According to the regulations by The Ministry of Public Administration and Justice, all registered Hungarian limited liability companies are required to modify their articles of…
Changes in the calculation of personal income tax in 2013
Pension contributions must be paid from all the salary payments throughout the year. The pension ceiling (7 942 200 HUF) will be removed.
Changes in cafeteria benefit system in 2013
The tax base will remain the same (benefit amount * 1, 19) and tax is 16 %. However, health contributions will increase from 10% to…