Business News from Hungary by Peterka & Partners
April 23, 2025
Certain personal income tax benefits are no longer available to third-country nationals
From 1 January 2025, third-country nationals (citizens of non-EEA countries and countries that do not have a bilateral social security agreement with Hungary) will no longer be entitled to certain personal income tax benefits.
Changes to the scope of companies subject to audit
The number of companies required to be audited has been reduced, as the threshold of net turnover - averaged over two previous financial years - has been increased from HUF 300 million to HUF 600 million.