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New rules of tax procedure in Hungary; foreign bank accounts shall be declared

New rules of tax procedure in Hungary; foreign bank accounts shall be declared

by dr. Illés Ádám | Jan 15, 2018 | Tax

The Act on Tax Procedures from 2003 has been replaced by new laws: general taxation principles, rules on tax returns and other tax administration as well as the rights and obligations of taxpayers are now regulated in a new act whereas the complete tax procedure will...
Beneficial changes for the real estate market; pre-emption right of state on world heritage sites

Beneficial changes for the real estate market; pre-emption right of state on world heritage sites

by dr. Illés Ádám | Jan 15, 2018 | Real Estate, Tax

2018 has brought several changes in taxation of real estate. Tax on renting of properties by individuals has been cut; more money can be paid tax-free to employees for rented flats and more flexible exemption from transfer tax on consecutive transactions. The...
Minimum wage increase, reduction of social tax, cheaper internet – most important tax changes from 1 January

Minimum wage increase, reduction of social tax, cheaper internet – most important tax changes from 1 January

by dr. Illés Ádám | Jan 12, 2018 | Tax

We summarised the most important tax changes that took effect on 1 January, 2018. As of 1 January, 2018, the new minimum wage in Hungary is 138,000 HUF (appr. 440 €) for positions that do not require qualification; and 180,500 HUF (appr. 580 €) for qualified...
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