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Szilvia Süli

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Szilvia Süli is an economist with a qualification in tax advisory. She has been involved in tax advisory since 2006 and joined RSM Hungary in 2009.

Her main areas of expertise include international tax and social security issues of individuals and the taxation of capital gains from investments.

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Szilvia Süli's topics
Szilvia Süli
Szilvia Süli

Tax consequences of the termination of the US-Hungarian tax treaty

In July 2022, the United States of America announced that it would terminate the 1979 international treaty with Hungary on the avoidance of double taxation. Although the provisions of the US-Hungarian tax treaty will still be applicable for tax purposes until 31 December 2023, the absence of the treaty will have a significant impact on the activities of private individuals and companies after 1 January 2024, measurable in tax forints, and it is worth preparing for this in good time.

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Szilvia Süli

How will the new social contribution tax affect investments in Hungary?

Pursuant to Government Decree No. 205/2023. (V. 31.) published on 31 May in the Official Journal of Hungary, as of 1 July 2023 interest income under the PIT Act – except for interest income from investment units of real estate funds – shall be subject to a 13% social contribution tax (“szocho”) in addition to the 15% personal income tax (PIT) during the state of emergency announced by Government Decree No. 424/2022. (X. 28.). The state of emergency is currently scheduled to last until 26 November 2023, but it cannot be ruled out that it will be extended again.

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Szilvia Süli

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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