Hungary introduced an important change to the regulation of foreign labour on 5 June 2026. The amendment has received significant attention because it affects one of the most commonly discussed employment routes for third-country nationals: the guest worker residence permit. However, the change should be understood precisely. This is not a general ban on all […]
Guide to fines, penalties, surcharges and late payment interest in Hungary, covering tax deductibility, accounting treatment, VAT and corporate tax risks. In the course of business operations, companies may occasionally incur expenses that do not appear as classic procurement, service or operating costs, but are instead connected to some form of breach of rules, delay, […]
Many clients tend to treat duty simply as “another cost to be paid.” From a legal perspective, however, duty means much more than that: it is a statutory payment obligation connected to certain acquisitions of assets, court proceedings, company procedures, and administrative applications. In Hungary, the main rules on duties are set out in Act […]
The Ultimate Guide for Businesses, Accountants and Tax Advisors Why is VAT treatment of events such a sensitive area? Professional exhibitions, industry conferences, fairs, trade shows and business events are no longer merely marketing occasions. For many companies, they are among the most important channels for market entry, relationship building, distributor network development and lead […]
Comprehensive Guide for Entrepreneurs, SMEs and Corporate Taxpayers As Hungary enters the 2026 fiscal year, businesses will face one of the most substantive shifts in the tax environment in recent years. A combination of higher thresholds, simplified procedures, digital reporting mandates, and broadened eligibility for alternative tax regimes signal a clear move toward easing administrative […]
The Definitive, In-Depth Guide to Healthcare Access and Social Security Understanding how healthcare works in Hungary starts with one essential concept: the TAJ card. For anyone planning to live, work, study, invest, or establish a business in Hungary, familiarity with the TAJ system is not optional. It is a core legal, financial, and practical requirement […]
Europe remains one of the world’s most attractive destinations for people seeking better job opportunities, higher living standards, stability, and a long-term future. But despite this growing interest, the rules around working legally in the European Union can feel complex and overwhelming—especially if you are not an EU citizen. Most people hear conflicting information online, […]
MiCAR: The European Union’s Regulatory Foundation for a Trustworthy Digital Financial System The Markets in Crypto-Assets Regulation (EU 2023/1114) and Its Strategic Impact on European Businesses The Markets in Crypto-Assets Regulation (MiCAR), formally Regulation (EU) 2023/1114, represents a historic turning point in the European financial and technological landscape. It establishes the first unified legal framework […]
QDMTT, IIR & UTPR Compliance Guide From 2024, the 15% global minimum tax has been introduced in Hungary. Learn about the practical implications of QDMTT, IIR, and UTPR, and discover the key steps to prepare for compliance. What It Means for Hungarian Subsidiaries, Holding Companies, and Investors In recent years, a new era has begun […]
