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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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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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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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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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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