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.
ACCOUNTING SUPPORT FOR BUSINESS (COMPANY) IN HUNGARY
Accounting support for companies in Hungary is not only a mandatory legal requirement, but also a guarantee of stable development of your business.
The Hungarian tax and financial environment has its own characteristics, and the correct organization of accounting allows you to avoid fines, optimize taxes and focus on strategic tasks.
Key aspects of accounting support in Hungary
- Mandatory bookkeeping
All companies registered in Hungary are required to transfer their accounting to a certified public accountant immediately upon registration. This applies to both local and foreign companies, regardless of size and field of activity. - Software requirements
In Hungary, invoices must be issued only through specialized licensed software. The use of Excel or third-party programs is not allowed. This ensures compliance with local regulations and simplifies tax reporting. - Tax burden
The VAT rate in Hungary is 27%. After registering a company, a European TIN is automatically issued, allowing it to operate with VAT within the EU. However, special rules apply to international transactions, and VAT is not always included in invoices.
What services are included in accounting support?
- Accounting according to Hungarian and international standards (GAAP/IFRS)
- Preparation and filing of tax returns (VAT, income tax, etc.)
- Calculation and accrual of wages (payroll), including all mandatory taxes and contributions
- Preparation of annual financial statements (balance sheet, income statement, cash flow)
- Audit, financial control, analysis and forecasting of cash flows
- Tax consultations, fiscal burden optimization
- Support during tax audits and interaction with authorities
Required documents and data for accounting support in Hungary
| Information category | Examples of documents/data | Appointment for an accountant |
| Registration documents | Certificate of registration, articles of association, extract from the register | Company identification, status check |
| Tax data | Tax number, VAT registration, tax statement | Determination of tax liabilities |
| Bank details | Agreements with banks, account details, IBAN | Control of cash flow, reconciliation of operations |
| Primary documents | Invoices, acts, delivery notes, checks, contracts | Keeping records of income and expenses |
| Personnel data | Employment contracts, salary data, vacations, sick leave | Payroll accrual and accounting |
| Payment platforms | Access to PayPal, Stripe, Revolut, statements | Online payment accounting and integration with accounting |
| Asset information | Data about equipment, cars, real estate | Depreciation, accounting for fixed assets |
| Cryptocurrency transactions | Crypto wallet statements, transaction history | Reporting digital assets |
| International operations | Contracts with non-residents, import/export documents | Keeping records of currency transactions, EU VAT |
| Preliminary reporting | Balance sheets, declarations for past periods | Financial history analysis, correct transition |
Saving reports:
The requirement to store primary documents is also important: they must be kept for at least 8 years, and tax authorities may request them for inspection at any time.
It should also be taken into account that quite significant fines are provided for untimely submission of reports or errors in documents, so professional accounting support allows you to avoid risks and ensure the stability of the company’s work.
The cost and scope of accounting services depend on:
- the nature of the company’s activities (trade, services, production, etc.)
- number of employees and contractors
- VAT payer status
- type of customers (B2B, B2C)
- number of monthly transactions
- the presence of complex or international transactions
- use of bank accounts and payment platforms
- working with cryptocurrencies or digital assets
- open issues with tax authorities
- the need for support in multiple jurisdictions (e.g. EU VAT OSS)
The law firm “Prikhodko & Partners” offers comprehensive accounting support for foreign companies, which takes into account all the nuances of doing business in Hungary.
The company’s team of professionals provides full language support, providing consultations and documentation in English, Russian and other languages, which greatly simplifies interaction with foreign clients and helps to avoid misunderstandings in financial matters.
Law Firm “Prikhodko & Partners” provides not only traditional accounting services, but also a comprehensive service, including assistance in registering a company, providing a legal address, assistance in opening bank accounts, preparing individual business plans, and comprehensive immigration support for entrepreneurs.
Professional accounting support from the Law Firm “Prikhodko and Partners” provides clients with significant advantages in doing business.
The company guarantees absolute compliance of financial documentation with local legislation and current tax regulations, which minimizes the risks of penalties and errors in reporting.
Calculate the cost of services
1 question
Are you currently in Ukraine?
2 question
Are you currently in Hungary?
3 question
Do you need company registration in Hungary?
4 question
Do you only need accounting advice?
5 question
Do you need full accounting support for your business in Hungary?
6 question
Does your business have a turnover of more than 500,000 euros per month?
7 question
Do you want to buy a ready-made business in Hungary?
8 question
Do you need advice on Hungarian taxes?
9 question
Do you need to open a bank account in Hungary?
10 question
Do you need to rent an address for a company or a virtual office in Hungary?
11 question
Do you need legal support for a business (firm) in Hungary?
12 question
Do you need a legal audit or business due diligence in Hungary?
13 question
Do you need marketing support for a business (firm) in Hungary?
14 question
Do you need business logistics (transport services) in Hungary?
15 question
Do you need a business loan in Hungary?
16 question
Do you need a consultation urgently?
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