What is the difference between invoices and receipts in Hungary? - Helpers Finance
Learn about the main differences between creating invoices and receipts in Hungary and decide which make more sense for your Hungarian business.| Helpers Finance
Learn about the main differences between creating invoices and receipts in Hungary and decide which make more sense for your Hungarian business.| Helpers Finance
In July 2025, the family tax benefit increases in Hungary, while the scope of NÉTAK is narrowed to exclude older women from personal income tax exemption.| Helpers Finance
Under specific circumstances, your employees are entitled to receive cash benefits from the social security system. Social security allowances are usually paid directly by the Treasury, but in some cases, the employer can become a paying agent for them. The post Who pays social security cash benefits to your employees? appeared first on Helpers Finance.| Helpers Finance
As of July 1, 2025, cash payment is becoming a constitutional right in Hungary. This means that apart from specific cases, Hungarian businesses are required to make it possible for their customers to pay with cash if that is their preferred method. Read on to learn if this will affect your operation. The post Cash payment is now a constitutional right in Hungary appeared first on Helpers Finance.| Helpers Finance
From July 2025, electricity and natural gas providers in Hungary can send only electronic invoices to their B2B clients. Learn how to store them properly.| Helpers Finance
Accounting and payroll services both involve finances, and they are often provided by the same provider in Hungary. However, they have different functions.| Company Formation
The local business tax, or HIPA can be up to 2% of your net income and is charged based on where your Hungarian company operates. Learn how it works.| Company Formation
If you are a tax resident in Hungary, you have until May 20, 2025 to submit your tax returns for the year 2024. If you have an Ügyfélkapu or DÁP access, this will take only a few minutes, as the whole procedure is online. The post Tax returns in Hungary in 2025 appeared first on Helpers Finance.| Helpers Finance
Standard corporate tax in Hungary remains 9% for small and mid-size companies while the 15% global minimum tax only affects big international corporations.| Company Formation
When you make your first hire at your Hungarian company, you will need an employment contract to formalize the agreement between you and your employee. Here you can find a quick guide about what to include, as well as some practical advice. The post How to make an employment contract in Hungary appeared first on Helpers Finance.| Helpers Finance
While your accountant can calculate the business taxes you need to pay, it is you who will need to pay each tax to the Tax Authority by its due date.| Helpers Finance
While corporate tax in Hungary is the lowest in the EU at 9%, there is another profit tax business owners must keep in mind: the 2% local business tax.| Helpers Finance
You can use your personal money to provide the share capital of your Hungarian company. Once that is done, however, your own money and the company’s money are separate, and you cannot make transfers freely or without proper documentation. The post Can I put my own money in my Hungarian company? appeared first on Helpers Finance.| Helpers Finance
In Hungary it makes more sense to talk about revenue caps for preferential tax regimes than about tax brackets. See what that means for your business.| Helpers Finance
This is good news for multinational companies operating in Hungary, as both their tax and administrative burdens lighten. The post Global minimum tax 2025: Hungary is a Safe Harbour appeared first on Helpers Finance.| Helpers Finance
As of January 1, 2025, the revenue cap for VAT exemption is increased to HUF 18 million in Hungary. Learn how this affects your business operation.| Helpers Finance
FEOR in Hungary is the standard classification of occupations. You will need it when you report a new hire to the Tax Authority, and it is used to make statistics about how the population is employed. The post What is FEOR in Hungary? appeared first on Helpers Finance.| Helpers Finance
With the 2025 NACE update, the economic activities at your Hungarian company must be updated. It might be automatic; consult your accountant to make sure.| Helpers Finance
NACE, the classification of economic activities in the EU received an update. In Hungarian, it is referred to as TEÁOR’25. See if you need to do anything.| Company Formation
The Hungarian minimum wage and guaranteed minimum salary are increased again as of 1 January 2025. Learn how it affects your Hungarian business.| Helpers Finance
The Hungarian Parliament has recently accepted the law governing taxes in Hungary in 2025. In our second article on changes being introduced next year, you can discover the 2025 tax changes most relevant to your Hungarian business operation. The post Tax changes relevant to your Hungarian company in 2025 appeared first on Helpers Finance.| Helpers Finance
Discover the 2025 changes most relevant to HR and payroll, how to calculate taxes, and what benefits you can offer to employees at your Hungarian company.| Helpers Finance
Workers need time off to rest, to heal, or to take care of emergencies without compromising their livelihood. Paid time off or PTO lets them do that.| Helpers Finance
Because of the Christmas holidays, two working Saturdays are coming up in December. It is not too early to start planning: make sure you have a plan for opening and closing times for your business. The post Working Saturdays in Hungary in 2024 appeared first on Helpers Finance.| Helpers Finance
Fall and the new school year is on us. This is the season for new rentals and rental renewals, so we prepared a quick summary about rentals, taxes, and VAT on rentals in Hungary. Taxes depend on who is renting out the property As a rule of thumb, the taxes you pay depend on the … The post VAT and other taxes on rentals in Hungary appeared first on Helpers Finance.| Helpers Finance
Most Hungarian small and medium sized companies do not need an auditor. However, when they grow to a certain size, they will be required by law to hire an auditor to make sure all their books are in order. The post When will your Hungarian company need to hire an auditor? appeared first on Helpers Finance.| Helpers Finance
ONYA is the online portal for reporting your Hungarian income and other information relevant to your taxes. While it is available only in Hungarian, it might make your life easier if you are trying to navigate Hungarian taxation on your own. The post ONYA user guide – how can ONYA help with your taxes in Hungary? appeared first on Helpers Finance.| Helpers Finance
Do you want to have access to your tax related information on the go? Then the official mobile app of NAV, the Hungarian Tax Authority is for you. For now, the app NAV-Mobil is available only in Hungarian, but it might still be a valuable tool for you. The post NAV-Mobil – the official app of the Hungarian Tax Authority appeared first on Helpers Finance.| Helpers Finance
When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible for the reimbursement of their commute expenses. The post Am I obligated to pay for my employee’s commute expenses? appeared first on Helpers Finance.| Helpers Finance
Are running a business in Hungary? Then you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, normally you must submit a report every year. The post Local business tax: report HIPA for 2023 on the 23HIPAK form by 31 May appeared first on Helpers Finance.| Helpers Finance
When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to time, so it is worth getting familiar with them. The post Wage supplements and overtime in Hungary appeared first on Helpers Finance.| Helpers Finance
Hungarian employees have at least 20 days of paid leave each year, and the law also defines reasons for exemption from work, when they still gets paid.| Helpers Finance
The agreement remained in force until 31 December 2023, but now it is not applicable anymore. In response, Hungary has introduced some changes to tax regulations to mitigate the impact. The post US-Hungarian double taxation treaty canceled – what to watch out for? appeared first on Helpers Finance.| Helpers Finance
To support people who live with severe health conditions, Hungary offers them a special type of personal income tax benefit. The disability benefit reduces the personal income tax one has to pay, increasing the net salary of employees. The post Disability benefit for the personal income tax in Hungary appeared first on Helpers Finance.| Helpers Finance
A new year has started, and again tax regulations are updated and clarified in Hungary. There are no major tax changes this year, but make sure to read our overview and ask your accountant if there is anything you should pay special attention to this year. The post 2024 tax changes affecting businesses in Hungary appeared first on Helpers Finance.| Helpers Finance
While major taxes do not change very often in Hungary, the system is tweaked every year. Read on to learn about changes to taxes most relevant to employees and HR, such as fringe benefits, the social contribution tax, and taxes on various types of gifts. The post Changes to taxes in 2024 in Hungary relevant for HR appeared first on Helpers Finance.| Helpers Finance
Like every year, minimum wages have recently been adjusted to offset the impact of inflation. The minimum wage was increased by ca. 15%, and the guaranteed minimum salary by ca. 10%. There have been no changes to payroll taxes in 2024. At the same time, there are some new features for the SZÉP Card. The post Salaries and payroll taxes in 2024, Hungary appeared first on Helpers Finance.| Helpers Finance
The Hungarian government has announced the minimum wage and the guaranteed minimum salary for 2024. The gross minimum wage will increase by 15%, and the guaranteed minimum salary by 10%. The increase is implemented early, as of 1 December 2023. The post Minimum wage in Hungary in 2024 appeared first on Helpers Finance.| Helpers Finance
The application of preferred shares at a Hungarian company can obscure the ultimate beneficial owner of the business. This can protect their privacy, but it decreases transparency and might attract the scrutiny of the authorities. The post Preferred shares at your Hungarian company appeared first on Helpers Finance.| Helpers Finance
In Hungary, most highways are toll roads, meaning you need to pay a toll while driving them. That is done easiest by buying a toll sticker for the vehicle, which can function as a weekly, monthly, or yearly turnpike pass for your company car. The post Toll stickers for your Hungarian company car appeared first on Helpers Finance.| Helpers Finance
Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the wine sector at the end of the year. The post Wine products no longer subject to representation tax in Hungary appeared first on Helpers Finance.| Helpers Finance
As part of the electronic administration in Hungary, personal pension tax records are available for review online. With your Ügyfélkapu access, you can log in to the database of the Treasury, and see if everything is fine. Read on to learn how that works. The post Hungarian pension tax records accessible online appeared first on Helpers Finance.| Helpers Finance
The number of yearly tax inspections conducted by the Hungarian Tax Authority has been steadily increasing over the past few years. The most popular tax inspected continues to be VAT, since it is a major contributor to the national budget. If your company operation is compliant with regulations, you have nothing to worry about. The post Hungarian Tax Authority conducts more tax inspections appeared first on Helpers Finance.| Helpers Finance
You are required to present the ownership structure of your newly created Hungarian company when you are registering it for various services. This is easiest done in the form of a chart that starts with your Hungarian company and ends in the ultimate beneficial owners. The post How to present the ownership structure of your Hungarian company? appeared first on Helpers Finance.| Helpers Finance
Money left on a regular bank account pays hardly any interests, while making investments through a securities account can even increase their value, especially in a high inflation environment like that of Hungary these days. The post What are the advantages of opening a securities account? appeared first on Helpers Finance.| Helpers Finance
Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare the employment correctly to avoid fines. The post Summer is the season for temporary work – make sure to declare it appeared first on Helpers Finance.| Helpers Finance
CSOK, the Hungarian family housing allowance was created to support families in finding a home. Young married couples who pledge to have children are eligible for a non-refundable allowance and favorable interest rates for property purchase. Now it seems the conditions for eligibility will be severely reduced starting from 2024. The post Apply for the Hungarian family housing allowance before it is reduced appeared first on Helpers Finance.| Helpers Finance
When you have income from interests, normally you pay personal income tax and social security contribution on those. However, if you invest in Hungarian government securities, you may not be required to pay either of those. The post Tax benefits for government securities in Hungary appeared first on Helpers Finance.| Helpers Finance
The Hungarian Tax Authority is now sending notices to businesses if the payments they made for 2022 do not match the amount they were supposed to pay, whether they are in arrears or in overpayment. If you are not sure, you can also always check your balance online. The post Tax payment notices urging businesses to clear their debts appeared first on Helpers Finance.| Helpers Finance
Recently, the Hungarian Tax Authority has published a press release to remind everyone that Hungarian tax residents must be aware if their income generated abroad is taxable in Hungary too. Relevant data are typically communicated between national tax authorities, and if someone misses declaration, they can expect a payment notice, or even a fine. The post Hungarian tax residents are responsible for declaring correct data appeared first on Helpers Finance.| Helpers Finance
As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card for buying groceries. This way you as an employer can also provide better fringe benefits to your Hungarian employees. The post Better fringe benefits for your Hungarian employees in 2023 appeared first on Helpers Finance.| Helpers Finance
The National Tourism Data Supply Centre was designed to collect real time data and offer up-to-date statistics of the hospitality sector in Hungary. Registration has been mandatory since 1 November 2021, and online data supply must begin on 1 July 2023. The post The National Tourism Data Supply Centre in Hungary goes to full throttle appeared first on Helpers Finance.| Helpers Finance
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate is 13% of the tax base. Read on to get a quick summary of how it works. The post Social contribution tax in Hungary: an overview appeared first on Helpers Finance.| Helpers Finance
If you are running a business in Hungary, you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, you must submit a report every year. Read on to learn how to report HIPA – and why it makes sense to have an accountant take care of it. The post Report HIPA (local business tax) for 2022 on the 22HIPAK form by 31 May appeared first on Helpers Finance.| Helpers Finance
If you are running a business in Hungary, you are also paying a local business tax to your local municipality. The next important deadline is 31 May, and if your registered address is in Budapest, you can pay the tax by card as well as by bank transfer. The post It is now possible to pay your local business tax by card in Budapest appeared first on Helpers Finance.| Helpers Finance
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here. The post Inflation decreasing, core inflation increasing in Hungary in Q1 2023 appeared first on Helpers Finance.| Helpers Finance
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the Hungarian Tax Authority. The relevant form 2358 has just received an update to become more user-friendly. The post Revamped form 2358 makes reporting easier for flat-rate taxpayers appeared first on Helpers Finance.| Helpers Finance
Are you new to business? Or maybe just to flat-rate taxation? Either way, you might wonder how and when you are supposed to first pay the local business tax, since it is normally calculated based on the tax of the previous year – and you might not have a previous year. The post Local business tax deadlines for new businesses appeared first on Helpers Finance.| Helpers Finance
When doing business with foreign clients, it might come in handy if your Hungarian company has a foreign corporate bank account. There is no limitation on the number of corporate bank accounts you can set up, just make sure your Hungarian bank account knows about all of them. The post What to watch out for when setting up a foreign corporate bank account? appeared first on Helpers Finance.| Helpers Finance
Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the treaty might be reinstated or a new treaty might be introduced. The post U.S.-Hungarian double taxation treaty stays canceled appeared first on Helpers Finance.| Helpers Finance
An audit is a procedure where the books of your Hungarian company are closely examined to reveal possible mistakes. Beside voluntary audits done by independent contractors, the Tax Authority can also conduct audits, so make sure your books are in order. The post Tax audit and compliance audit in Hungary: what is the difference? appeared first on Helpers Finance.| Helpers Finance
FTX is one of the largest international platforms for crypto trading – at least it was until recently. After a scandal related to loans provided to Alameda research, FTX filed for bankruptcy early November 2022, which had far rippling effects throughout the cryptocurrency landscape. Read on to get a quick overview of the events. From … The post FTX bankruptcy and effects on crypto trading around the world appeared first on Helpers Finance.| Helpers Finance
At the end of November 2022, an interest rate cap was introduced on Hungarian deposits above HUF 20 million in order to redirect investment toward government bonds. This is one of the measures in a balancing act of keeping HUF exchange rates relatively low. Since the new regulation does not affect foreign investment, it will … The post Interest rate cap in Hungary steers investment toward government bonds appeared first on Helpers Finance.| Helpers Finance
Are you a freelancer who pays taxes under flat-rate taxation in Hungary? Whether you are a KATA orphan or have just started your business, there are a bunch of rules you need to learn about deadlines, limits, and tax exemption. Read on to get an overview of the 5 most important things you must keep … The post 5 things to watch out for as a freelancer under flat-rate taxation appeared first on Helpers Finance.| Helpers Finance
Starting from 2023, Hungarian companies are allowed to pay TAO and HIPA in foreign currencies (EUR or USD) as well as in HUF. But should you? Learn here.| Helpers Finance
EKHO is a favorable tax regime aimed at creators in various fields, intended to promote Hungarian culture. See the list of eligible professions.| Helpers Finance
How much of your Hungarian company’s revenue can you actually take for yourself? Learn about dividend and the basics of Hungarian corporate taxes from us.| Helpers Finance
Cash flow is a concept that we associate in most of the cases with companies and their management. However, it is good that we are clear from the beginning that people also have a cash flow. As entrepreneurs and for the management of personal finances, we should always learn to manage it. But to whatContinue reading "How to manage personal cash flow?" The post How to manage personal cash flow? appeared first on AI Bookkeeping and VAT for Micro Businesses.| AI Bookkeeping and VAT for Micro Businesses
A good small business accounting software can provide information in seconds that will help you answer questions like Are we profitable? Should I invest? Should I expand my finances? Would it be OK to cut expenses here? All of it based on the input you supply. Using an accounting software will give you sense ofContinue reading "Do I need accounting software for my small business?" The post Do I need accounting software for my small business? appeared first on AI Bookkeeping and VAT for Micr...| AI Bookkeeping and VAT for Micro Businesses
If KATA orphans want to continue doing business from September in Hungary, flat-rate taxation may be the most cost-effective options for the self-employed.| Helpers Finance
Most students in Hungary are employed not directly, but through student organizations that act as intermediaries and job agencies. Hire a student today!| Helpers Finance
The 2024 changes to taxes in Hungary include several small updates, while corporate tax and other taxes most relevant to company operation remain the same.| Helpers Finance
You might be eligible for more than one type of personal income tax benefit in Hungary at the same time. Learn when you can get more out of your salary.| Helpers Finance
In Hungary, you must file your personal income tax returns form by 22 May 2023. With an Ügyfélkapu access (Client Gate), it takes just a few minutes.| Helpers Finance
Corporate tax in Hungary is 9%, the lowest in the EU. It is a profit tax, and there are various ways to decrease your tax base. Get a quick overview here.| Helpers Finance
EFER is a tool with which you can pay your Hungarian taxes online by card, accessible through various government portals. Learn how you can use it.| Helpers Finance
The 2023 changes to flat-rate taxation are partly due to the increase to the minimum wage, and partly independent measures to make it more favorable.| Helpers Finance
The Hungarian minimum wage has just been increased with ca. 15% for 2023, which will affect not only payroll costs, but also various other tax items.| Helpers Finance
January is the season for the introduction of new tax regulations. Get ready for the coming year, and learn about the expected changes to taxes in Hungary.| Helpers Finance
Hungary increases the minimum wage and the guaranteed minimum salary to HUF 200K and 260K from 1 January 2022. How does it affect your payroll costs?| Helpers Finance
