Obligation to register, tax number If a person in Hungary leases out property within the framework of an activity in compliance with the Act of VAT, this activity may be pursued as of August 16, 2010 without a tax number. Value Added Tax As a rule, the let of immovable properties, with the statutory exceptions, […]
General tax rates in 2014
The following general tax rates are applicable in Hungary. Corporate income tax: 10% rate up to to the first HUF 500 million of taxable income.above the tax rate is 19% VAT: standard rate: 27%, preferential rates: 18% and 5% Local business tax: 2% imposed on turnover or gross margin Personal income tax: 16% Social security […]