January 19, 2022

Tax Cuts On Payroll 2022

Another significant tax cut took effect in Hungary from January 2022. Employers’ wage costs continue to fall. The rate of social contribution tax is 13%…

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January 18, 2022

Baltic tax rates from 1 January 2022

  Estonia Latvia Lithuania Corporate income tax (CIT) rate CIT is payable upon profit distributions (the deemed profit distribution). The CIT rate is 20%, calculated…

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January 13, 2022

Special Work Schedule in 2022

There is a unique tradition in Hungary related to public holidays that is ususally strange for most of the foreigners. However, it must be adhered…

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September 21, 2021

3 interesting data about the hungarian economy

We are experiencing a growing interest in investment opportunities in Hungary. Many European and overseas companies are planning to set up, expand, or even relocate…

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June 23, 2021

3 Special Features Of Employee Benefits in 2021

For three reasons, it is really worth using the possibilities provided by the Széchenyi Recreation Card now. The most popular benefit system is connected to…

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June 9, 2021

OSS and iOSS: new VAT registrations in Hungary

This is the third part of our series on the VAT registrations in Hungary. Hungary extends the OSS regime of the European Union to all…

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May 14, 2021

VAT Registration of Foreign Companies

This is the second post about VAT registration in Hungary, discussing the issues of foreign companies. Why To Register To VAT? A foreign company might…

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May 5, 2021

VAT Registration of Hungarian Companies

This is the first of two posts about VAT registration in Hungary. This article highlights basic aspects of VAT registration of Hungarian companies. Registration of…

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April 19, 2021

Annual Reports in Hungary

The financial statements are often called annual reports in the business language. The accountants, however, prefer the name financial statements (FS). They include a lot…

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