The Tax Authority collects the chamber contribution

The Tax Authority collects the chamber contribution

We know that the amount of the chamber contribution to be paid by the economic organisations is 5.000 forints annually. Although the deadline for payment of the contribution expired on the 31st of March this year, there are still some companies that have not complied...
Entrepreneurs’ social contribution 2018

Entrepreneurs’ social contribution 2018

Effective from the 1st of January 2018, the social contribution tax will continue to decrease by 2,5 percent and the minimum / guaranteed minimum wage will increase. In this post, we look at how much entrepreneurs will have to pay.   We know that individual and...
Full time student as small taxpayer

Full time student as small taxpayer

Next year the proposed tax package plan will bring many benefits. Some of them are connected to small taxpayers. If you are a student and a small taxpayer, you have to pay 50.000 forints because you are a full time entrepreneur. This has been a drawback for small...
The applicable VAT rate of garage selling

The applicable VAT rate of garage selling

At the beginning of 2016, new rules took effect in Hungary. The applicable VAT rate to residental property sales was reduced from 27 percent to 5 percent. This Tax cut will valid until 2019. Concerning the building you have to take the following rules into...