Tax compliance services
Tax registration, reporting and advisory from our specialist team.
Hungary’s 9% corporate tax rate is the lowest in the EU
Why don’t you benefit from this?
Check out our company setup services and start your business in Hungary. With a Hungarian company, you can enjoy these benefits easily.
Hungary is a full member of the European Union, vat registration is simple, EU vat number application is easy.
By using our tax compliance services your tax affairs will lie in good hands.
Do you need tax consultation on particular questions? Our qualified accountants and tax advisors are happy to help.
VAT, PIT, CIT, social contribution tax, simplified entrepreneurial tax, tax of small businesses, and so on…
Taxation is admittedly a complicated area.
To comply with all your tax compliance requirements, we support you through the process of preparing corporate and value-added tax returns and all related preparation and subsequent work.
As part of our services, we will prepare your tax reports timely, accurately, precisely and reliably, together with the underlying computations, calculations, and necessary records. You will always get notified about your tax payables well before payment deadlines.
You’ll be represented at the tax office, and upon your request, we’ll take charge of tax inspections.
General tax rates in 2022
|VAT:||standard VAT rate is 27%, preferential rates are 18% and 5%|
|Local business tax:|
2% is levied on net sales revenue less the cost of goods sold, sub-contractors’ and material expenses
In 2021 and 2022 to mitigate the negative impact of the Covid-19, the local business tax rate was reduced to 1%.
|Personal income tax:||15% flat rate applies to tax resident individuals|
|Social security tax:||after gross wages 13% contribution is payable by the employers and 18.5% is deducted from the employees|
Have you got a question?
Call us today on +36 30 320 3137 or send us a message.
VAT registration in Hungary
VAT registration in Hungary might be needed for foreign businesses to comply with distant selling, cross-border transactions or permanent settlement regulations.
Our experts will complete the VAT number application via a POA document. We will email you the list of the required documents, and upon receiving we will initiate the VAT number application in Hungary.
Once you are registered for VAT, you must charge 27% on top of all the goods and services you supply to consumers and other businesses. Not all products attract the general 27% VAT – there are some products and services which attract an 18% rate or 5% rate and others attract a zero rate.
Registration of foreign employers in Hungary
Registration of a foreign employer is necessary when a foreign business wants to employ someone in the territory of Hungary, and the employer doesn’t have a permanent establishment in Hungary.
Our experts are pleased to help complete the registration via a POA document. We will email you the list of the required documents, and upon receiving we will initiate the application in Hungary.
Once you are registered, the start and end of each particular employment should be reported to the tax office. During the period of employment, monthly reports of the social security contribution should be filed.