Taxes in Hungary

Hungary's tax system provides many advantages for businesses and individuals, making it an attractive destination for foreign investors and entrepreneurs. One of the most notable benefits is the country's low corporate tax rate, which is currently set at 9%. This rate is one of the lowest in the EU and makes Hungary an ideal location for businesses looking to reduce their tax liabilities.

In addition to its low corporate tax rate, Hungary also offers various tax incentives for businesses, including investment tax credits, research and development tax credits, and tax relief for start-ups. These incentives can help businesses to reduce their tax burden and reinvest more of their profits back into their operations.

For individuals, Hungary has a progressive income tax system, with rates ranging from 15% to 45%. The country also has a social security system that provides various benefits, including healthcare and retirement benefits, to individuals who are employed or self-employed in Hungary.

Navigating the tax landscape in Hungary can be complex, especially for foreign businesses and individuals. Our team of tax experts can help you understand the various taxes and regulations that apply to your situation and ensure that you are taking advantage of all the tax incentives and benefits available to you. Contact us today to learn more about how we can help with your tax needs in Hungary.