Taxes When Buying Property In Hungary

The tax system BP has recently Hungarian tax regulations generally conform to Western models has been taxation. Instead of separate decisions and orders of tax has several national laws, which are the cornerstone of an integrated tax system that clearly defines the whole range of issues from tax payers and tax base up to the order of calculation and payment. Simplifying the tax system and making it more transparent, the government of Hungary very much attention to give to the collection of taxes and prevention of tax offenses. Failure to pay taxes in Hungary, is a severe offense and severely punished. In reviewing petitions for a residence permit or citizenship, be sure to check the completeness and timeliness of payment taxes in the country. In Hungary, there are three main tax for organizations: – sales tax (AFA) – charged with surplus value – the rate of 20% – income tax (Tarsasagi ado) – 16% rate since 2008 – a local industrial tax (Helyi iparuzesi ado) – Basic rate of 2% In addition, companies and businesses to pay into the health funds, pensions and other social funds. AFA Main place of tax revenues to the budget is the total tax Traffic AFA (analogue of the Russian VAT) levied on all goods produced within the country and many of the services has a 2 rate (it was 3): basic – 20% and 0% discounted. By the zero group, numbering only 48 items are some types of pharmaceuticals, textbooks, children's products, products for people with disabilities.