taxes in Hungary

Taxes in Hungary

The taxation system in Hungary is created on two main pillars – the personal income tax system and the corporate income tax system – the latter refers to the taxation of all corporate entities operating in this country. The country harmonized its tax system with the EU directives, making it more convenient for foreign investors to adapt to the tax system. It…

Corporate Tax in Hungary

The corporate tax in Hungary applies to all of the companies incorporated here. The corporate tax has a standard value of 19% and special rates apply according to the amount of taxable income. Companies subject to corporate tax in Hungary All companies incorporated in Hungary must pay the standard corporate income tax on their worldwide profits. Foreign companies…