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Hydrogen Technology – Innovation Award for Hybrid Drive

BDN Automotive Kft. has won the main Innovation Award from the Hydrogen Technology Association for its hydrogen-diesel dual drive system.

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BYD – Significantly increased market share

BYD entered the local market in October 2023 with its first all-electric and plug-in hybrid vehicles and has been growing steadily since.

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Egger Group – First collection point for wood waste

The Austrian Egger Group has opened its first wood waste collection point in Hungary on a site of over 5 hectares in Budapest’s 17th district.

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Tax changes from 2025 in Hungary

In our newsletter, we summarise the main tax changes recently adopted and effective from next year in Hungary.

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Tax effective fringe benefits in Hungary from 2025

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.

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Financial transaction duty as a hidden tax

The increase in the financial transaction duty entered into force on 1 August and the additional financial transaction duty was introduced on 1 October.

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Moving to Lower Tax Countries / Tax Residency Planning

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.

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Payroll for Hungarian employees of foreign employers

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.

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VAT compliance services

Foreign companies may need to be registered and to file VAT returns in connection with their Hungarian business activities.

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    5 June 2025

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