Taxation 2017

Taxation changes in 2017

As year end is coming so develop next year tax guidelines. Recently the government put through a bill in the Parlianemt about some major changes in taxation. Let’s see what are the most important changes in taxation for 2017.   KATA (fixed-rate tax of low tax-bracket enterprises) Small taxpayers with smaller turnover favor this taxation […]

SZJA bevallás

2016 changes in administration

As the new year begun we summarize what taxation changes took place from 1 January. Minimum wages According to the latest government decisions the minimum monthly salary for 2016 will increase to HUF 111.000, for higher educated employees will increase to HUF 129.000. First payment will become due after January salaries. VAT: new date of supply […]

Invoicing rules in Hungary

Issuing invoices in Hungary is strictly regulated by ChapterX of the VAT Act CXVII of 2007. If you sell any products or services, you will obliged to issue an invoice. This cannot be done in simply in Word or Excel, but strict complience is required to the rules set out in the law. Information that is requested to be […]