Where can a Hungarian resident live in the European Union?
06/03/2014

Where can a Hungarian resident live in the European Union?

There are big differences between each EU member state’s residency programs. The most interesting thing is that almost all countries want to oblige the new residents to stay there. At least 183 days. The only exception is Hungary, which gives the total European freedom to its new residents. What is the 183 days rule? The […]

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Taxation for residents in Hungary part 3
06/03/2014

Taxation for residents in Hungary part 3

Income from private entrepreneurial activities Entrepreneurial withdrawals originating from business activities and recognised as costs must be recorded as incomes to be consolidated. Private entrepreneurs are subject to entrepreneurial income tax payment liability and entrepreneurial dividend tax payment liability. The private entrepreneur may, provided that certain statutory conditions are met, opt for flat-rate taxation (EVA), […]

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Tax guidelines for Hungarian residents Part 2
06/03/2014

Tax guidelines for Hungarian residents Part 2

Taxable allowances where the tax is to be paid by payer These include among others allowances and services provided under the title of representation and business gifts; products and services given to all employees (or, based on employer’s internal regulations, to certain groups of employees) free of charge or at discount prices; meals and other […]

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Tax Guidelines of Hungary Part 1
06/03/2014

Tax Guidelines of Hungary Part 1

About the personal Income Tax Every private person resident in Hungary is subject to tax liability in respect of all their income earned in Hungary or comes from abroad. In Hungary the tax year is equal the calendar year. Taxable income in Hungary: Except some exemptions provided by law, all types of incomes of private […]

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Short guide to Hungary part 1
06/03/2014

Short guide to Hungary part 1

Hungary is very good place to live in. If you want to be a Hungarian resident by participating in the Hungarian Residency Bond Scheme, there are some important information which are good to know about Hungary. First of all the Republic of Hungary is a small, landlocked Central-European country bordered by Austria, Slovenia, Croatia, Serbia, […]

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