The Hungarian small business tax (KIVA) has become increasingly popular among Hungarian companies in recent years due to its simplified structure and favourable 10% tax rate. At th...

Countless different purchases and sales of services, products and assets take place in the life of a company. These purchases must all be treated differently in the company’s boo...

As we approach the end of May, businesses are already well underway with preparations for their 2023 annual financial statements and tax returns. However, accountants who include d...

One of the most significant changes in 2024 to the Act on Accounting is the introduction of deferred tax in Hungarian accounting thanks to the global minimum tax harmonisation, mea...

When setting up a business in Hungary, there are a number of issues that need to be clarified and then decided upon. In an earlier article we explored the obligations of start-ups,...

Hungarian legal regulations allow companies to keep their accounting records abroad in integrated consolidated systems, or to use a specialised global service centre in order to cu...

After a 27 year long use of Croatian kuna (HRK) as the official currency, Croatia is set to make a currency switch which means, starting from 1 January 2023, euro becomes the new c...

Reducing the corporate tax base by allocating a development reserve is a long-established method used by taxpayers in the Hungarian corporate tax system, which has been boosted by ...

After 31 May, a large number of accountants and businesses in Hungary can breathe a sigh of relief as companies with a normal financial year have submitted their annual tax returns...