Wednesdays official data shows that the vaccination campaign is slowing down in Germany, also, it seems that on the daily more and more people are getting infected by the new variant of covid (SARS-CoV-2). The Robert Koch Institute stated that 985 new people have been registered with the virus in the last 24 hours. This […]
The message sent by the Hungarian National Bank (MNB) regarding the amortization of debt – who can afford to do so should strive to pay their debt back as soon as possible – agrees with the communication of the central bank, involving a stoppage of amortization. In the last one and a half year, the […]
Child labour is the exploitation of children through any form of work that interferes with their childhood and has negative effects on them physically as well as mentally. Nowadays, talking about capitalism as the culprit is a popular occurence. A lot of industries strive for a sustainable, green economy (at least in theory). Should word […]
The monetary conditions were left untouched by the Monetary Council of MNB on Tuesday, consequently, 0,6 % remains the base interest rate. Based on this, it is expected that the same fate awaits the reference interest rate on Thursday. Supposedly, this is was the last such occasion and, after almost ten years, a rise in […]
How to Open a Company in Hungary? – Requirements and Guideline There are many economic benefits to setting up a company in Hungary. Having a business in Hungary, unlike some other countries, means fewer expenses when it comes to companies register and upkeep. And compared to many Western European countries, the average wage is still […]
If you are familiar with the business you have probably encountered the terms of business accounting and accountant. However, when starting a new business it is vital to limit any unnecessary money spending. That is where usually a good business accountant comes into the picture. What does a business accountant do? Accounting usually refers to […]
When it comes to handling the finances of a company, keeping the books organized is more than desirable for maintaining a smooth day-to-day operation. To do that, you should familiarise yourself with the basics of accounting and it is crucial to ask questions when you don’t know the answer. To help you and your business […]
According to the Act CCXXII of 2015 on the E-administration Law the registration of an Online-Gate (in Hungarian “Cégkapu”) is obligatory for every business entity in Hungary. The deadline for the registration is 1st January 2018. The purpose of the Online-Gate is to provide direct connection between business organizations and the State of Hungary’s authorities. Since […]
A 2017 tax package has been adopted by the Parliament earlier this summer to make significant changes in 2017 taxation rules. Hereunder you find the most influential modifications that may affect your business. Modifications in cafeteria Healthcare services, as new tax-free bonus given by employers, is a new optional item of 2017 cafeteria system. Services […]
In the summer of 2010, the Hungarian Government decided to establish one of the most favorable corporate tax systems within the European Union. To this end, the former 19% corporate tax rate has been reduced to 10%. Limitation to the 10% tax rate is a maximal annual turnover of HUF 500.000.000 (approx EUR 2.000.000). As […]
