BDN Automotive Kft. has won the main Innovation Award from the Hydrogen Technology Association for its hydrogen-diesel dual drive system.
BYD entered the local market in October 2023 with its first all-electric and plug-in hybrid vehicles and has been growing steadily since.
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.
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.
