Hungary
Legal and Accounting Services in Hungary
Recent forum posts
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Starting a new business in India
I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make
Total Posts: 12 Last post by leahhart65
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Hiring Struggles for Small Businesses in NZ, Are We Overlooking Soft Skills?
Hi everyone,I’ve noticed that many small businesses in NZ are facing real challenges when it comes to hiring the right people not just in terms of technical ability, but soft skills too. Communication, adaptability, and problem-solving often seem harder to find than certifications or experience.A few small business owners I’ve talked to said they struggle to read between the lines of a sta
Total Posts: 1 Last post by ngaiomarsh98
Hungary Legalities
Hungary’s legal system is largely harmonised with EU requirements. If you are considering a large scale transaction you should consult one of the international law firms based in Hungary.
Standards and technical regulations
Products and packaging should meet EU standards.
As the main regulator the Hungarian Trade Licensing Office’s standards apply to foreign products coming into the country. Special rules are in force for the registration and certification of certain products.
Labelling should be in Hungarian. You should seek advice from the relevant registration or certification authority on the extent to which labelling should comply with Hungarian domestic legislation on:
- Advertising
- Health and safety
Intellectual property (IP)
Trademarks, designs, patents and copyright are the principal forms of IP protection available to companies and individuals.
IP law, especially for patent protection, is not totally harmonised within the EU.
The Hungarian Intellectual Property Office has responsibility for IP.
Tax and customs considerations
Value Added Tax (VAT)
All enterprises supplying goods or services within the territory of Hungary must register for and charge VAT. Small businesses can choose to be VAT exempt under certain conditions.
The 4 VAT rates in Hungary are:
- A standard rate of 27%
- 18% for central heating, bakery and dairy products, and providing commercial accommodation services
- 5% for some goods and services such as certain pharmaceutical products, books and daily papers
- 0% for some transactions such as radio, television, postal and financial services
Corporate tax
Find information on Hungarian tax for enterprises on the National Tax and Customs Administration of Hungary (NTCA) website.
Income tax
Individuals’ income is taxed by 15%.
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