The Hungarian tax authorities will initiate new support procedures for personal income received from abroad; Hungarian individuals who had an account in a foreign financial institution in 2019 and received... read more →
A summary of changes that companies and employers should be aware of regarding payroll-related taxation (personal income tax, social contribution tax, health insurance, fringe benefits, and minimum wage) starting January... read more →
On June 6, a tax package with a number of changes was announced, including significant revisions to value-added tax (VAT), personal income tax, corporate income tax, special profits tax, local... read more →
The Extended Producer Responsibility (EPR) system, which will begin in July 2023, will make more difference in the lives of businesses than many currently anticipate, but at the same time,... read more →
On October 18, a package of tax law changes was announced that will affect a number of tax areas, including significant changes to corporate income tax and permanent investment accounts,... read more →
Businesses in Hungary are also having to deal with steadily rising energy costs in the present economic environment, paying many times as much for gas and electricity than they did... read more →
Types of motor vehicle leasing Regarding the types, we distinguish 2 types of leases: Operative leasing Long-term lease, which means that the asset (tenant) remains temporarily with the lessor and... read more →
Operative leasing An operating lease is essentially a long-term lease, with the landlord invoicing a monthly rent. Let’s look at a brief example of the difference between a deductible VAT... read more →