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Super grossing rules come into effect in Hungary's personal income taxation

According to the tax law modifications previously accepted by Hungary’s Parliament, the practice of tax base supplementing was introduced in personal income taxation as of 1 January 2010; this practice has been known in public debate as “super grossing". RSM DTM Hungary has summed up the key changes... 

Hungary, Portugal taken to court by EU in VAT cases

The European Commission has decided to refer a case concerning the VAT flat rate scheme for farmers in... 

PwC Alert - Hungary amends law affecting corporate income tax

On 26 February 2010, the Hungarian Parliament adopted Act XII of 2010 amending certain financial laws... 

PwC Alert - Hungary Tax Authority announces main audit areas for 2010

In the latest issue of its Tax & Legal Alert, PricewaterhouseCoopers addressed the main areas in which... 

PwC Alert - Hungary amends Labour Code

On 1 February 2010, certain amendments to the Labour Code came into force, while other amendments will... 

PwC Alert - US and Hungary sign new income tax convention

The United States of America and Hungary signed a new convention on 4 February 2010 on the avoidance... 

PwC Alert - Changes to Hungary's property tax following Constitutional Court decision

In its latest Tax & Legal Alert, PricewaterhouseCoopers addressed issues related to the taxation of high-value... 

Hungary changes foreign VAT refunding regulations

The rules of foreign VAT refunding changed significantly from 1 January 2010 in the Member States of... 

End-year tax stamp craze keeps up budget goal hopes in Hungary

Hungary’s government has received a nice but stunningly large early Christmas present from tobacco... 

PwC Alert - Hungary to change local business tax obligations from 1 January 2010

In the business years from 2010, tasks related to local business tax in Hungary will fall within the... 

PwC Alert - Deadline for topping up tax advances is fast approaching in Hungary

As in previous years, companies in Hungary whose business year is the same as the calendar year will... 

PwC Alert - Hungary's new Civil Code regulates factoring as well

Hungary’s new Civil Code, which is expected to take effect from 1 May 2010, introduces specific... 

PwC Alert - “Super grossing" declared constitutional Hungary's Constitutional Court

Hungary’s Constitutional Courty has deemed “super grossing" tax-base calculation method constitutional.... 

PwC Alert - What will happen to the special tax advance in Hungary in 2010?

Under Act LXXVII of 2009 on amendments to certain acts on the system of contributions to public revenues... 

PwC Alert - Hungary amends rules on taxation of interest income received from abroad

On 9 November 2009, the Hungarian Parliament passed bill no. T/10676 into law. The new Act concerns amendments... 

PwC Alert - Hungary to change calculation rules of personal income tax in 2010

The Hungarian Parliament has adopted several amendments introducing significant changes to the way personal... 

PwC Alert - Changes to the licensing rules on the distribution of certain excise goods in Hungary

From 1 October 2009, operating licences are only required for the distribution of certain excise goods.... 

EU calls on Hungary to change legislation on car registration tax

The European Commission has called on Hungary to modify its relevant provisions on car registration tax... 

PwC Alert - New legislation bars automatic resort to Budapest courts for contract disputes

Among other effects of the amendments to Hungary’s Civil Procedures Act that Parliament passed... 

Views and Interviews

PwC Alert - Hungary amends Labour Code

On 1 February 2010, certain amendments to the Labour Code came into force, while other amendments will take effect from 1 May 2010. In its latest Tax &... 

Super grossing rules come into effect in Hungary's personal income taxation

According to the tax law modifications previously accepted by Hungary’s Parliament, the practice of tax base supplementing was introduced in personal... 

Hungary changes foreign VAT refunding regulations

The rules of foreign VAT refunding changed significantly from 1 January 2010 in the Member States of the European Community. In the latest issue of its... 
Commentary

PwC Alert - Hungary to change local business tax obligations from 1 January 2010

In the business years from 2010, tasks related to local business tax in Hungary will fall within the competence of the state Tax Authority (APEH), and... 

PwC Alert - What will happen to the special tax advance in Hungary in 2010?

Under Act LXXVII of 2009 on amendments to certain acts on the system of contributions to public revenues, the special tax payable by business entities... 

ANALYST VIEW - Hungary's ‘Robin Hood' tax to cost MOL HUF 10-15 bn a year - Wood & Co.

Hungary's Parliament on Monday passed the government's proposed 8% tax on 2H09-2010 profits of energy producing and trading firms to subsidize heating... 

Contributions on wage
paid by employee 
Superannuation tax9.5%
Superannuation tax mnyp-i tagnak1.5%
Private pension fund membership fee8%
Upper threshold of personal contribution 20,420/day
Medical insurance contributions6%
Munkaerõpiaci járulék1,5%
  
paid by employer 
Superannuation tax24%
Medical insurance contributions2%
Munkaerõpiaci járulék1%
Vocational training contribution1.5%
Personal Income Tax
0-5,000,000 Ft:17%
from 5,000,001 Ft:32%