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
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
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
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
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
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
Hungary has finally agreed to the introduction of the global minimum tax in the EU. This will make major corporations with a worldwide yearly income over EUR 750 million pay corporate tax at 15%. While the Hungarian standard corporate tax can remain 9%, the implementation of the global minimum tax will affect all the relevant … The post Global minimum tax will not affect small businesses in Hungary 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
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
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