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Gábor Fajcsák

Sectoral special taxes in 2022

Similarly to 2010, the Hungarian Government has once again decided to impose additional taxes on certain profitable industries in order to support a...
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Miklós Héhn

Reporting: what to care for during the closing process

Reporting is a recurring task that companies subject to the reporting obligation must perform routinely but never mechanically. The reporting obligation applies in many cases, in addition to the annual reports, and many processes are the same as the tasks performed as part of the annual reporting. The following summary focuses on these main tasks.
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First ten steps to starting a business in Hungary

Representatives of some foreign companies often contact us asking about the foundation of a company in Hungary. Last time, we had a meeting in the morning, and the next working day, we presented the documents of a limited liability company with court registration and a bank account to our partner. Of course, starting a company is not always as fast as that. It requires preparation and quick decision by the client.

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Do you work abroad remotely from Hungary? It’s worth now making sure that you’re taxing well!

Nowadays, it is common for Hungarian workers to work abroad as part of an international work schedule. With the coronavirus pandemic though, many workers have returned to Hungary to work remotely. For them, it is definitely worth reviewing the taxes applicable to wages received from abroad. On one hand, they may face a taxation risk if they pay the personal income tax abroad, and the Hungarian personal income tax can be more favourable for them even than the one paid abroad.

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Diána Varga
Tax

Tax benefits related to the corporate income tax

In the second part of our blog series, we discuss the tax benefits available in connection with the corporate income tax. We will highlight common mistakes that may involve risks during a tax audit, so that you can avoid being found to have unlawfully used a tax relief.

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