Is your Hungarian company issuing receipts or invoices? If you issue receipts, get ready for the introduction of the electronic cash register which allows better reporting towards the Tax Authority and offers better customer experience.
As your Hungarian company grows, you may want to add more executives – either by promoting current employees or hiring new ones. Executive roles come with special rules, fewer protections, and in some cases, changes to work permits, so make sure to consult a specialist like Helpers before you proceed with hiring executives.
Once you set up your Hungarian company, you will be able to take care of most administrative tasks online. Hungarian administration is highly digitalized, making business operation more transparent. Read on to get familiar with the tools for online administration in Hungary.
Are you planning to start a business in Hungary? You have various forms of business to choose from. Consider what kind of activity you intend to perform, and choose accordingly.
Accountancy and payroll services are similar in the sense that both are related to finances at your Hungarian company. Sometimes both services are provided by the same provider too. However, they are distinct functions, requiring special expertise.
Summer is here, and air-conditioners are running in most workplaces. The temperature in the office doesn’t just affect comfort – it also impacts your employees’ health and productivity. That’s why there are rules in place to make sure workplace temperatures stay safe and appropriate.
Hungary has the lowest corporate tax rate in the EU at just 9%. But business owners should also be aware of another tax: the local business tax, or HIPA (short for “Helyi Iparűzési Adó” in Hungarian). This tax can be up to 2% of your net income and is charged based on where your business operates.
Hungary is a safe haven concerning the global minimum tax. Standard corporate tax remains 9% for small and medium sized companies, while the 15% global minimum tax only affects international corporations with a yearly revenue above EUR 750 million. Read on to learn what this means for your Hungarian business.
If the registered seat of your Hungarian business is with a seat provider, there is a chance they are also acting as a delivery agent for you. Learn what the difference is and what to expect from each.
Moving your business to Hungary? Whether you are setting up a subsidiary to your existing business or a completely new venture, the Limited Liability company (or LLC for short) is an excellent option for starting your operation in Hungary and the EU.
