Hungarian Tax Authority (NAV) has been discussed the rules of the simplified entrepreneurial tax and contribution regime (EKHO) and expounded some changed bank account numbers over the last week.
1.. Refreshed informational booklets
Informational booklet #7 about the most important rules of the simplified entrepreneurial tax and contribution regime (EKHO)
The Ekho-law covers the activities which marked with their FEOR number in it performed by individuals who chose to do the simplified entrepreneurial tax and contribution regime. Naturally you have to meet other conditions too if you want to choose this way.
The basis of the EKHO is only the revenue of the activities similar to the jobs in the job list, reduced with the personal income tax (SZJA) if there is any. Regularly the individuals must pay 15% of the EKHO basis. If the individual declares about his/her retirement (not needed at least 183 day spent as a pensioner) than the amount of due to money is 11,1%.
It is recommended to study the booklet for the individuals who choose to pay their taxes this way.
Informational booklet #72 about the basic ruling of employment of students
The NAV informational booklet can help in the following questions:
- What kind of conditions the person needs to meet to work as a student?
- Is there any kind of duty at NAV to work as a student?
- How can students be employed?
- If the student work as an employee what kind of taxes and contributions he/she must pay?
- If the student is in a different legal labour relationship, then how much difference is there between ruling?
2.. Changing bank accounts
As we already mentioned in our 27th week summary in case of some taxes the bank account numbers where the taxes must be paid in are changed. On the last week, the refreshed list was publisher and it is recommended to check it before sending any money as taxes for the NAV.
3.. Up-to-date lists
List of United Nations Security Council financially and pecuniary limiting decisions against the funding of terrorism.