Have you ever heard about the taxpayer classification? The purpose of taxpayer classification is to provide taxpayers settling their tax liabilities voluntarily and in time should enjoy certain advantages as reliable taxpayers; specified by law; relative to non-compliant taxpayers who are thus subject to certain stricter rules. The Tax Authority reviews once a quarter whether […]
In the post below, we review the detailed rules related to the company car tax, and later, in another article, we are going to look in more detail at what other tax burdens arise in the case of a company car. The most important part of the article is that the tax payable on the […]
The government decree was published on August 9, 2022, according to which companies can pay corporate tax in both euros and US dollars. The payment obligation under the applicable tax law must be fulfilled in forints. This provision has been amended by the mentioned government decree; according to which the taxpayer can file a report […]
For a long time, the legislator did not know what to do with this rapidly developing phenomenon, however, as of January 2022, the related tax issues were clarified. Cryptocurrencies (e.g., bitcoin, ethereum) based on a complicated blockchain system do not seem very friendly at first look, but the usability of the system has amazing possibilities, […]
Have you given your personal data in a registration form? Had you registered for an event with your personal data and then received emails with marketing content? Today, we share some thoughts about the four-year-old GDPR, that is, the General Data Protection Regulation. With regard to the content of the regulation, we will now primarily […]
The government decree on extra-profit taxes which was described earlier also amends the rules on simplified employment. From 1 July, the tax burden changes, which means that the payable tax by the employer increases. What exactly does it mean? In the following, we are going to review the rules of simplified employment. The following simplified […]
In the following, we are going to discuss the international provisions applicable to controlled foreign companies, in particular the so-called ATAD (Anti-Tax Avoidance Directive), which is about: laying down rules against tax avoidance practices that directly affect the functioning of the internal market. The other, similarly friendly word is EBITDA, which stands for earnings before […]
In our post today, we are going to talk about the new residence permit which was invented specifically for digital nomads in order to be able to work smoothly in Hungary. You can apply for this new residence permit from 1 January 2022. It is the so-called White Card, which is aimed at third-country nationals […]
The presence of Ukrainian workers in the Hungarian labour market is nothing new, but the conflict in the neighbouring country has created a completely different situation: new arrivals are seeking refugee status, but the conditions for this – despite the already facilitated employment rules – were not always met. In early March 2022, the Hungarian […]
First, it is important to point out that the advertising tax has not actually been abolished earlier, the tax rate has been reduced to 0% of the tax base from 1 July 2019 to 31 December 2022. This temporary suspension ends at the end of 2022 and the tax is going to be reintroduced from […]
