Electronic tax returns in Hungary

Businesses must file tax and national insurance returns and provide tax-related data electronically. In addition to this, every taxpayer has the opportunity to handle tax affairs electronically. Taxpayers may therefore fulfil beyond their filing and data supply obligations also their reporting obligation and obligation to record any changes electronically. In addition to this, every taxpayer […]

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 […]