Head of International Corporate Law and Fintech Practice
Expert in fintech, crypto, and international corporate law with over 20 years of experience. Specializes in crypto licensing (VASP/CASP), iGaming business support, and international structuring, asset protection, and OSINT analytics for risk assessment and due diligence.
TAX CONSULTATION IN HUNGARY
TAX CONSULTATION IN HUNGARY
What taxes do you have to pay in Hungary?
Value added tax – the general tax rate is 27%, but a reduced tax rate of 18% is also applied to the production of dairy products, flour, 12% to food products, pharmaceuticals, medicine, hotel and transport services, 5% to equipment and services , books and magazines.
There are categories that are exempt from taxation – certain types of medicines, internal combustion engines, and exports.
Corporate tax – 10% before reaching the tax base of 1.8 million euros, 19% – no more than 1.8 million euros
Social taxes – • Employees pay 18.5% contribution on profit.
- Employers pay 15.5% of the gross income of employees as PS and 1.5% to the vocational training fund.
- Benefits in kind and entertainment expenses (meals, beverages and entertainment) provided to employees are subject to additional taxation
Local industrial tax – set by the local administration in each city separately from 0 to 2%. Construction taxes of 2 to 3% interest may also be charged.
Tax for individuals – general tax rate of 15%
A tax lawyer (lawyer) in Hungary will advise you on choosing the optimal tax system for business in Hungary regarding
- value-added tax in Hungary VAT (value-added tax),
- corporate income tax (CIT – corporate income tax),
- personal income tax (PIT – personal income tax)
- social deduction from employees (ZUS)
- local tax in Hungary
- tax on dividends in Hungary
- excise duty in Hungary
Tax optimization/exit tax/ tax planning (Hungary)
Among the most common tax optimization mechanisms in Hungary are:
- Creation of a group of companies that includes funds in Luxembourg, Holland, Liechtenstein and other jurisdictions, depending on the profile of your business and its features.
- Expanding your business to favorable tax residences (Hong Kong, Singapore, Slovakia)
- The system of refinancing foreign assets
Representation in tax authorities in Hungary by Yuk Prykhodko and partners – includes consulting, preparation of all necessary documentation, relations with tax authorities in Hungary and the EU on tax issues.
What is included in the duties of a tax lawyer of Yuk Prykhodko and partners:
- Consulting on taxes in Hungary
- Calculation of taxes in Hungary
- Preparation of tax documents in Hungary
- Tax representation in Hungary
- Settlement of tax disputes in Hungary
What is the cost of a tax consultation in Hungary? Leave your phone number and our specialists will contact you.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Hungary?
3 question
Do you need VAT advice?
4 question
Do you need a CIT consultation?
5 question
Do you need a PIT consultation?
6 question
Do you need advice on ZUS?
7 question
Do you need advice on all taxes?
8 question
Do you need a consultation urgently?
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Compensation for moral, material damage
Protection of honour, dignity, and business reputationContract Development for Business and Legal Entities
Licensing of business activities
Compensation for moral, material damage
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