Dear Our Client!
The Government has accepted the changing of Hungarian taxation rules for 2017 on 22nd November
- The amount of minimum wage will be changed to gross 127.650 HUF (net 84.887 HUF), the guaranteed minimum wage will be changed to gross 161.250 HUF (net 107.231 HUF) in 2017.
The contribution after wages and salaries will be decreased by 5%.
In case of minimum wages, all expenses of enterpenuers will increase to 157.648 HUF (2016: 142.635 HUF, growth: 10,50%), and in case of guaranteed minimum wage, all expenses will be increased to 199.144 HUF (2016: 165.765 HUF, growth: 20,14%)
- The tax rates of corporate income tax will be changed to one tax rate. Both the discounted 10% tax rate and the regular 19% tax rate will be decreased to 9%.
- Limit for VAT free status will be raised into 8 millions HUF yearly income.
- Limit for small entrepreuners (KATA) will be raised into 12 millions HUF yearly income.
- In 2017, the Tax Authority will help the tax payer and instead of the tax control, they suggest modification for the reports.
Sources: adozona.hu
If you have questions with these points, please contact with us.
