Category: Accounting

Travel Restrictons To Hungary

Current entry rules/restrictions Due to the coronavirus infection, the government classifies the countries of the world into three categories (green, yellow, red), announced the Minister of Prime Minister’s Office Gergely Gulyás. Based on the current infection status with COVID-19, countries if a) the current level of infection is low, green, b) the current level of […]

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HUNGARY | Foreign Acquisition Need Permit From The Government

As part of the economic protection package introduced by the Hungarian Government, another measure restricting the acquisition of property by foreigners in Hungarian companies appeared in the National Gazette of Hungary published on 25 May 2020. Pursuant to Government Decree No. 227/2020 (V.25.), the acquisition of ownership in strategic companies is, in certain cases, subject […]

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HUNGARY – Small Business Tax 2020

The companies fulfilling the conditions or newly formed companies and branch of foreign companies are also able to choose this special taxpayer status since y2013. The tax rate of the small business tax (SBT) is 16% in y2016, 14% in y2017, 13% from y2018, 12% from y2020 and will 11% from y2021. The minimum tax […]

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Венгрия |Требования к биллингу и биллинговому программному обеспечению в 2020. году

С 2017-го года возможно (и настоятельно рекомендуется) использовать программное обеспечение для выставления счетов, которое соответствует новым требованиям, и в режиме реального времени передаёт детали выставленных счетов в налоговый орган.  Цена за нарушение будет высокой, до 500 000 форинтов за один счет. С января 2017-го года разработчики программного обеспечения для выставления счетов должны включить в свои […]

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RULES OF CHOOSING A COMPANY NAME IN HUNGARY

In the case of newly created businesses, the name we give to our business will identify us, our products and services. We summarized the choice of company name legislation: the company name must contain the name of the chosen company form (for example, Ltd.), and at least the keyword (The keyword is in the first place in the company name. The keyword promotes the identification of the company.);  the keyword can be a foreign language term, acronym and mosaic, which should be written in latin character;  the short name of the company consists of the keyword and the form of the company;  the company name must […]

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HUNGARY | Small business lump-sum tax (KATA)

The popularity of small taxpayers’ itemized lump-sum tax (KATA) grows unabated, with thousands of engineers, computer programmers, hairdressers and lawyers opting for one or other of these schemes.  The small business lum-sum tax is HUF 50 000 (app. EUR 156 ) per month, up to HUF 1 million (app. EUR 3125) per month revenue. The […]

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HUNGARY – Small Business Tax 2019

The companies fulfilling the conditions or newly formed companies and branch of foreign companies are also able to choose this special taxpayer status since y2013. The tax rate of the small business tax (SBT) is 16% in y2016, 14% in y2017 and will 13% from y2018, the minimum tax base is the annual labor cost […]

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TAX CHANGES 2019 : 5.9% interest on late payments

The interest rate on late tax payments is twice of the central bank base rate (0,9%), which is currently only 1.8%. The interest rate is determined by the legislator in the latest bill on tax changes of 5.9 percent. The default interest rate for taxpayers classified as risky will be 8.85 percent from 2019.

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