Business Operations in Hungary (Portfolio 7155)
Tax Management Portfolio, Business Operations in Hungary, No. 7155, provides a detailed overview of the laws relating to the establishment and operation of businesses in Hungary as well as of the taxation of both corporations and individuals in Hungary.
In addition to discussing the various legal forms of businesses, the Portfolio discusses the major aspects of taxation, including corporate income tax, personal income tax, and the value added tax.
Investors are invited to study this Portfolio to have a preliminary understanding of the Hungarian legal and tax system; however, tailor-made professional advice is always essential prior to making a decision on an investment or entering into a business deal.
This Portfolio may be cited as Kovács, 7155 T.M., Business Operations in Hungary.
Table of Contents
I. Hungary — The Country, Its People, and Its Economy
II. Operating a Business in Hungary
III. Forms of Doing Business in Hungary
IV. Principal Taxes
V. Taxation of Domestic Corporations
VI. Taxation of Foreign Corporations
A. What is a Foreign Corporation
B. Determination of Taxable Income, Method of Taxation, Assessment, and Filing
VII. Taxation of a Branch
A. Determination of Taxable Income
B. Method of Taxation
C. Subsidiary vs. Branch
VIII. Small Business Taxes
X. Taxation of Other Business Entities