TAXATION OF EMPLOYMENT IN HUNGARY

In the following guideline we will provide detailed information about the taxation of employment in Hungary. If you are considering doing business in Hungary, or you need a reliable partner in tax advisory, accounting, payroll or auditing, don't hesitate to contact us! We are dedicated to help our clients with our high quality, tailored ser-vices to find the best economic solutions

TAXATION OF CORPORATIONS IN HUNGARY

In the following guideline we will introduce the main principles of corporate income taxation in Hungary. If you are considering doing business in Hungary, wish to improve the tax position of your corporation or simply face with any direct taxation problems; please don't hesitate to contact us for further information! LeitnerLeitner Hungary offers its full-scope professional assistance in taxation and accounting matters.

TAX ALLOWANCES

Numerous subsidies and tax allowance forms partially backed with European Union aid resources are still available in Hungary. For investment projects; however, we also highly support to always consider the taxation impacts carefully and not to forget about the potential related tax allowances – for which LeitnerLeitnter offers its professional assistance for tax optimization and allowance claims.

SECTOR RELATED AND OTHER TAXES

Hungary applies numerous other business related taxes such as sectoral taxes or surtaxes, local taxes, duties, environmental and health care taxes. This guideline provides for a short summary of them. Keep in mind, that taxation in Hungary is a swiftly and often changing area, especially in the category of smaller, sector related taxes. We highly recommend hiring professional tax advisors in order to meet the expectations of the tax authority and avoid charges. Please contact us for more information!

LEGAL FORM OF BUSINESSES IN HUNGARY

In this guideline we will provide detailed information about the legal forms of doing business in Hungary. If you have questions about the discussed topic or about taxation in general, don't hesitate to contact us! We are dedicated to help our clients with our high quality, tailored services to find the best economic solutions in setting up their business in Hungary.

FINANCIAL REPORTING AND AUDITING

In this article we will provide detailed information about the basics of accounting, financial reporting and auditing in Hungary.

VALUE ADDED TAX IN HUNGARY

Value added tax for entities is a pure flow-through, transitory item. Nevertheless, non-deductible pre-tax, falsely assessed VAT and penalties deriving from administrative mistakes can heavily burden the entities’ budget, especially in a country with the highest VAT rate (27% general rate) within the European Union. In the following guideline we will introduce the main principles of the Value Added Tax in Hungary.