The vat general tax rate in hungary is 27 in accordance with the eu vat directive nonetheless there are two reduced vat rates in use 5 and 18 vat returns are required to be submitted monthly quarterly or yearly deadline for filing the return is the 20 th day of the month following the given period. The personal income tax is a flat rate of 15 passive income such as dividends interest and rental income also is subject to a 15 tax a 14 health tax is imposed on certain passive income eg dividend income capital gains and income exceeding huf 1 million from the rental of real property. Hungarian personal income tax pit is assessed on the following domestic source income foreign source income provided the individual is resident in hungary income derived from employment activity performed in hungary can qualify as domestic source income even if it is paid from abroad in the case of income paid from abroad income tax can be due whether or not the income has been transferred eg electronically by bank to bank transfer or brought into the country in cash. If youre determined to make hungary your member state of identification then you can sign up at the hungarian tax agency note you do not need a fiscal representative to handle your taxes in hungary or anywhere else in the eu that is you arent required to have one some tentative foreign business owners may hire a tax representative for peace of mind taxes can be an intimidating and confusing topic especially in a foreign language makes absolute sense
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