|Hungary||Eastern Europe & Central Asia||United States||Germany|
|Number of Payments of Taxes per Year||12.0||28.0||11.0||9.0|
|Time Taken For Administrative Formalities (Hours)||277.0||260.0||175.0||207.0|
|Total Share of Taxes (% of Profit)||50.3||40.5||46.7||46.8|
Source: Doing Business - Last Available Data.
|General personal income tax rate||16%|
|Solidarity tax. This tax must be paid on annual income in excess of 7,446,000 HUF in 2007, which means that the total tax burden is 40% above this amount.||4%|
The « benefit in kind » tax is replaced by two new categories, effective from 1 January 2011
1- « Fringe benefits » are treated as taxable income. The rate is 19.04% (personal income tax on fringe benefits with a 27% healthcare contribution or social contribution tax). Benefits specified in the Act include the value of meals provided at the workplace exceeding HUF 12,500 per month and per person, childcare services and certain accommodation facilities provided and operated by the employer. A certain range of fringe benefits (for example, meal vouchers called “erzsébet utalvány” and the Széchenyi Recreation Car, local travel passes) are taxed at a rate of 19.04% with only 10% healthcare contribution.
2- « Certain specific benefits » » are also treated as taxable income and listed in the legislation (for example, telephone services for private purposes and elements provided under the umbrella of cafeteria schemes) are subject to a 27% health tax.
|19.04% with a 27% healtcare contribution.|
|Investment income : Dividend income and bank interest from Hungarian sources is subject to a final withholding tax.||16%|
|Healthcare contribution applies on income withdrawn from a business, dividends, income from securities lending, capital gains and income exceeding HUF 1m from renting out real property.||14%|
|Type of property and law||Validity||International Agreements Signed|
year 1995. XXXIII. chapter XIV/C. paragraphs 115/D-115/L year 2006. law LVII.
|Patents are protected for 20 years from the date of filing the patent application; an annual fee is required to maintain the patent.||
Patent Cooperation Treaty (PCT)
Year 1997. law XI.
|Trademark protection is granted for ten years,
may be extended by additional ten-year periods.
Trademark Law Treaty
Protocol Relating to the Madrid Agreement Concerning the International Registration of Marks
Government decree 266/2001. (XII. 21.) .
|Valid for 25 years renewable once.|
year 1995. law XXXIII.
Gov decree 156/1999. (XI. 3.)
|70 years after the death of its creator for patrimonial rights
50 years for the first publication and registration rights
Berne convention For the Protection of Literary and Artistic Works
Convention for the Protection of Producers of Phonograms Against Unauthorized Duplication of Their Phonograms
Rome ConventionFor the Protection of Performers, Producers of Phonograms and Broadcasting Organizations
WIPO Copyright Treaty
WIPO Performances and Phonograms Treaty
Act No. XLVIII of 2001 on the Legal Protection of Designs
|Industrial designs are protected for five years from the date of application can be extended up to a maximum of 25 years.|
|New Year||January 1st|
|Revolution for independence||March 15|
|Easter Monday||March or April|
|Labor Day||May 1st|
|Pentecost Monday||August 20|
|Saint - Steffen and celebration of the constitution||October 23|
|Holiday of the Republic||November 1|
|Christmas||December 25 and 26|
|End of the year holidays||22/23 December - 2/3 January|
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Last Updates: October 2014