Office News

Under the reverse charge, the VAT is accounted for by the buyer rather than the seller: the buyer determines and declares the tax payable, which is at the same time

A dividend is income paid to an owner out of the company’s after-tax profit. For an individual owner it is subject to personal income tax (15%) and, up to a

The transfer price is the price applied in transactions between related parties (for example members of a group). Under the rules it has to correspond to the price that would

A posting is the temporary performance of work in another country by an employee, at the employer’s instruction. From a tax and social security point of view the key question

A double taxation agreement is a treaty between two states that determines which country may tax a given income, so that the same income is not taxed in both. It

Tax residency determines which state has the right to tax a given income. A tax resident individual is generally taxed in Hungary on their worldwide income, while a non-resident is

KATA is the itemised, simplified tax of small taxpayer sole traders. Since the 2022 reform it has been heavily restricted: as a rule only full-time sole traders who invoice private

KIVA is an optional, simplified tax that replaces corporate income tax and the social contribution tax. It can be favourable mainly for growing small and medium-sized businesses with high payroll

The local business tax is paid to the local municipality; its base is essentially the net revenue, reduced by certain costs. The rate is set by the municipality, below a

A self-revision is the option for a company to correct an error it has found in a return it filed earlier, before the tax authority notices it. A self-revision avoids