Do I have to register, do I need 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. Shall I pay value added tax? As a rule, the […]
Tag Archives: income tax
Guide to personal income tax in Hungary
1. Taxpayers Private persons resident in Hungary are subject to tax liability in respect of all their income whether earned in Hungary or abroad. The tax year is identical with the calendar year. 2. Taxable income Save the exemptions provided by law, all types of income of private individuals are subject to income tax. Categories […]
Taxes payable by persons renting real estates
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, […]