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!

Taxation of the automotive industry – problems along the chain

The automotive industry plays a significant role in the Hungarian economy; it already makes over 10% of the GDP and employment, while it is the fastest growing sector. Hungary’s strategic geographical location, highly developed logistics and infrastructure, cost effective and high-level production capability determines the country as a regional distribution centre and a service hub for the CEE region.