If in the previous year, the company has paid income taxes on less than five million forints, the This year the company is required to pay an advance payment on a quarterly basis. If in the previous year, the company has paid income tax more than 5 million HUF, in the current year, a company must make an advance payment on a monthly basis. In the first year of the company has no obligation to prepay the tax. To convert U.S. Dollars HUF divide the sum by 7. 40% of the interest payments on the loan for the development may be allowed as a tax credit, the maximum Size 5 million forints per year. Please visit Aboutaam if you seek more information. This discount is valid also for the interest paid under a financial lease. LOCAL INCOME TAX INDUSTRIAL third type of tax – a local industrial tax.
Tax is paid not to Revenue Service, and local government – local councils (helyi onkormanyzat), according to the place where geographically registered firm. The rate of tax up to 2%. Not uncommon council that this bid tax cut by 0.5% or 1%. The taxable base is income minus expenses. (Annual Parish – 100% of material costs) * 0.02 From this it follows that the firm makes sense to register the address in the area where the local industrial tax is less than 2%. For example, in Godoll (24 km. From Budapest) in the first two years, if the annual arrival of less than 3 million forints, do not pay local taxes in general industrial.