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 […]

Guide to personal income tax in Hungary

1. Taxpayers Private persons resident in Hungary are subject to tax liability in respect of all their income whether earned in Hungary or abroad. The tax year is identical with the calendar year. 2. Taxable income Save the exemptions provided by law, all types of income of private individuals are subject to income tax. Categories […]