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 contributions: | on gross salaries 27% is paid by the employer, and 18.5% is deducted from the employee |
Withholding tax on dividend: | withholding tax is not imposed on dividend paid to companies, 16% is imposed on dividends paid directly to resident and nonresident individuals. |
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