Formation and changes in the following subjects:•Limited Liability Company (Kft.)•Joint Stock Company (Rt., NyRt., Zrt.)TaxesCorporation tax:9% (new since January 2017)Personal income tax: 9% for entrepreneurs (new since January 2017)Withholding tax:doesn´t existVAT rate:basic rate is 27%, other 18% (e.g. internet services, catering) and 5% (e.g. milk, eggs...)VAT registration:Obligatory – at exceeding the annual turnover 8 million HUF Voluntary – anytime during company existence. It´s possible to register at the beginning of formation process so after the registration at Commercial Register is company already VAT payer.Termination of a business:1. deletion from the Commercial Register preceded by bankruptcy or liquidation2. the company has a legal successor - the sale, M&A or split-up of the company Accounting: obligatory Publicity of company´s data: company´s data are publicly available in the Commercial Register. We don´t offer the service of „nominees“ in Hungary.Bank account: can be opened in Hungarian bank and also in some other EU member states or in Caribbean. Advantages of Hungarian jurisdiction•Low tax burden•Fast economic growth of the country•Thanks to strategic geographic position is Hungary suitable country for investmentsOther services:•Correspondence forwarding•Supply residence and social and health insurance•Services of translators, notary, advocates and tax advisors•Complex advisory•Holding structures and connections with other countries•Virtual office
Under the following links you can find related articles and documents. Our sensitive and protected documents are available only on our data cloud.
LEGAL DISCLAIMEROur website includes articles concerned with tax system analysis of some countries, comparison of business environment and in some cases articles may allocate advantages of legal international tax planning of legal as well as physical entities. These articles are not published with the intention to induce the reader to avoid legislative norms, especially tax regulations of individual countries of the European Community or third countries. We are trying to provide complex and accurate information, on the other hand, we refuse any legal responsibility for the statements and stand-points published in various articles of this presentation. The content of articles is not intended and shall not be considered in any way as tax advisory nor as a relevant statement regarding tax issues and legal matters.