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Our bank account changed

Dear Partners!   Please be advised that we switched banks, and our bank account has changed. Our new banking details are: Please make sure you update your banking records, and use our new bank account from now on. The bank account is already alive and can take trasfers. Thank you!

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AccountingBudapest: Doing business in Hungary 2014

  AccountingBudapest has published Doing business in Hungary 2014 booklet. The objective of Doing Business in Hungary 2014 is to provide guidance on the business environment in Hungary for those decision-makers who are interested in engaging in business activity in Hungary. The publication focuses on the general overview, like currency, climate, cost of living, bankink, […]

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Társasági adó előleg befizetés közeledik starts April 10, 2014 at 03:00PM

Társasági adó előleg befizetés minden hónap 20-án (havi előleg fizetők esetén)

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NAV has full access to the IT systems

From 2014 the tax authorities (NAV) will be entitled to inspect the business software and information system operated by the taxpayer to keep its books and process its accounting documents. This will result in tax procedures when the tax authority will gain access to the information system, run queries directly within, and may carry out […]

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My Slides

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Minimum wage in Hungary, 2014

As from 1 January 2014 the basic minimum wage in Hungary increased to 101,500 forints (EUR 338) per month, or 23,360 forints per week, or 4,670 forints per day, or 584 forints per hour The minimum wage for skilled workers is set to 118,000 forints (EUR 393) per month, or 27,160 forints per week, or […]

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General tax rates in 2014

The following general tax rates are applicable in Hungary. Corporate income tax: 10% rate up to to the first HUF 500 million of taxable income.above the tax rate is 19% VAT: standard rate: 27%, preferential rates: 18% and 5% Local business tax: 2% imposed on turnover or gross margin Personal income tax: 16% Social security […]

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