The bakery manufacturer Pek-Snack, active in six countries, closed the year 2024 with a record performance. Revenue rose by 5% to HUF 12.7 billion (EUR 31.75 million).
Chinese vehicle manufacturer BYD is building a new plant for the production of electric buses with an investment of HUF 32 billion (EUR 80 million).
German company ParTec AG plans to invest approximately EUR 3 billion in a data center in Hungary, which is expected to have twice the capacity of the Jülich Supercomputing Center.
In our newsletter, we summarise the main tax changes recently adopted and effective from next year in Hungary.
In our newsletter, we will give you an overview of the current fringe benefit elements and their tax rates in Hungary, applicable in the year 2025.
The increase in the financial transaction duty entered into force on 1 August and the additional financial transaction duty was introduced on 1 October.
A change in someone’s residency status results in a change in the tax liabilities. Therefore, whether you are planning to move to another country for a longer period or settle down, or your children study abroad and you want to accompany them, you will likely need tax assistance.
This service is recommended to foreign enterprises that wish to employ a Hungarian employee for work to be done in Hungary without having to set up a Hungarian subsidiary or branch office.
Foreign companies may need to be registered and to file VAT returns in connection with their Hungarian business activities.
