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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