Tax minimization in Hungary represents the legal manner of reducing due taxes. This is usually performed by or with the help of a professional accountant in Hungary. Companies and individuals can request such services and use different tactics in order to reduce the amount of taxes they pay each financial year.

Our company registration experts in Hungary are accustomed to the laws regarding financial reporting for companies and annual filings. Together with our team of specialists you can start implementing effective tax minimization strategies.

Strategies for minimizing taxes in Hungary

Companies and high income individuals are the ones who use tax reduction procedures most frequently. If you have the possibility, you can benefit from making more investments in one year or setting up pension schemes that can help you deduct amounts at the end of the financial year.

Prepayments represent a method of reducing the amount of taxable income. This can be done both by small and large companies in Hungary. Business owners can choose to pay expenses in advance or make other purchases necessary for their company. Rents, supplies or equipment can be purchased with anticipation.

Donations made in cash or in kind are another method to deduct taxes. However, before deciding to make donations to a charitable organization, investors in Hungary should check if that organization is registered and if those contributions can be deductible.

The capital gains tax discount or a trust fund can also be used as means of making some tax reductions. Individuals in Hungary can also plan their investments for pension funds or insurance. Our company registration agents in Hungary and our partners accountants can advise you upon the implementation of these strategies.

Taxation in Hungary for companies and individuals

Investors and employees in Hungary need to observe the laws and regulations for taxation on the profits earned in the country. Hungary has a corporate income tax and a personal income tax, along with other applicable taxes.

Companies in Hungary can benefit from an extensive double tax treaty network. If you would like to know more about taxation for foreign companies, our experts can help you.

For more information about taxes or company formation matters, please contact our company incoporation specialists in Hungary.

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Articles

Tax Minimization in Hungary

Reducing taxes the legal way in Hungary

Strategies for minimizing taxes in Hungary

Taxation in Hungary for companies and individuals

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