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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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Important Tax Office Deadline Approaching About Providing Invoices Online

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