Hungary To Crack Down On Tax Avoiding Small Businesses
- 26 Jun 2020 10:59 AM
- Hungary Matters
In a bid to crack down on tax cheats, the government is changing rules governing the Itemised Tax for Small Businesses (KATA) from next year.
KATA taxpayers who invoice a single company will have to pay a 40% tax on income above 3 million forints.
The flat monthly 50,000 forint payment will still apply to those who invoice multiple entities as long as annual income does not exceed 12 million forints.
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