Reducing taxes the legal way in Hungary
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.
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.
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.