Hungary To Crack Down On Tax Avoiding Small Businesses

  • 26 Jun 2020 10:59 AM
  • Hungary Matters
Hungary To Crack Down On Tax Avoiding Small Businesses
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.

Related links

Important Tax Office Deadline Approaching About Providing Invoices Online

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