Hungary

Do you know.......

The corporate tax rate is 9%.

The standard VAT rate is 27%. An 18% rate is e.g. applicable to certain basic food products, restaurants services meeting conditions and internet acces. An 5% rate applies to pharmaceuticals and certain medical equipement, books and newspapers and certain food products (e.g. eggs/tojás, milk/tey, pork/sertéshús and beef/marhahús)

EU-based taxpayers supplying goods in Hungary may request VAT registration, but non-EU taxpayers supplying goods in Hungary must use a fiscal representive for Hungarian VAT transactions

Soon, more information on doing business and living in Hungary will follow.