Accounting and Taxation
Peter Csaszar's Blog - Tax Advisor, Accountant
How much is the minimum wage in 2018?
You can see how the minimum wage and the guaranteed minimum wage have been changed since 2012 on the Tax Authority's website. You can find the link here: nav.gov.hu Minimum wage, guaranteed minimum wage. The obligations in the case of other employment relationships...
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KATA changes 2018
The Christmas gifts for tax advisors have arrived. Like every year there are a lot of changes. Here you can find the accepted laws: No. 93 on the 19th of June 2017. No. 192 on the 22th of November 2017. No. 193 on the 23rd of November 2017. Let us start with KATA...
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Local tax-top-up return electronically
Since November 1, 2017, in addition to the local business tax return, it has also been possible to submit the tax-top-up return electronically to the Tax Authority. For the 2017 tax year, use the form 17HIPAEK. You can download the HIPAEK declaration form which is...
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Is it possible to issue invoices only for one company if I am a small taxpayer?
The law does not explicitly state that a small taxpayer has to issue invoices for more than one client. Although KATA law contains that if a contract has been signed between a small taxpayer and their principal, there is an employment relationship to be supposed...
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Legal holidays in 2018
We already know the public holidays next year. a) 10th of March., Saturday workday – 16th of march., Friday rest day b) 21st of April., Saturday workday – 30th of April., Monday rest day c) 13th of October., Saturday workday – 22nd of October., Monday rest day d) 10th...
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Sole proprietor’s registration number on the invoice
Basically the VAT law determines which data should be included in the issued invoices. These are the following: Click here to check the 169. § of the VAT law. However, there are some mandatory data that cannot be found in the VAT law. We can find these further data...
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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...
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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...
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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...
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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...
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Indicate “Kisadózó” on the cash-register receipt
I received a very interesting question from my colleague. Should you indicate “kisadózó” on the receipt? In taxation there is no easy question. We always have to check the rules and the specific criteria when we need to include "kisadózó" on accounting documents....
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New tool to check our business partner’s background
A further free tool has been published to enable us to check our prospective business partner’s background. Making sure of the reliability our prospective business partner might often present challenges. There are free and pay databases which are worth visiting...
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How long can you pause your activity?
Before 2017, when we talked about pausing private entrepreneurs' activity, we knew automatically that it was possible for 5 years. From the 1st of January 2017, the rules have changed. Sole proprietors can pause their activies up to 2 years. It is very important that...
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Should I record the amount into the cash register when the customer requests an invoice?
Our clients who use a cash register often ask questions about what to do if the customer requests an invoice. Is it necessary to record these purchases into the cash register or not? From a tax advisor’s point of view the answer is simple, because on this point the...
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From 2018 it will be cheaper to let out residential real estates
Legislators want to abolish healthcare contribution of letting out properties next year. According to the proposed tax package plan if you have income from letting out property, you only have to pay personal income tax, even if the amount exceeds 1 million forints....
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Cégkapu registration
Let's start at the beginning. Cégkapu is an official storage space provided to business organisations. This storage serves for keeping contact with Official Authorities. The reason why the launch of Cégkapu became necessary is that Cégkapu relates directly to business...
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When can you be a small taxpayer again?
Before the 20th of June 2017, the law said that if the KATA taxpayer got out of this taxation form, then the taxpayer was not allowed to choose this form again in the year of termination, and the next 12 months thereafter. Due to the fact that the Tax Authority did...
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