Hungary

Overview

Last reviewed - 20 April 2020

Hungary, a landlocked country in Central Europe, is bordered by Slovakia to the north, Ukraine and Romania to the east, Serbia and Croatia to the south, Slovenia to the southwest, and Austria to the west. It has been a parliamentary republic since 1989 and is split into 19 counties, with Budapest as its capital. The official language of Hungary is Hungarian, and the currency is the Hungarian forint (HUF).

PwC Hungary has a staff of 941 professionals providing assurance, advisory, and tax services and engaged in EU accession-related consulting, real estate consulting, and valuation. PwC Hungary cooperates with the Réti, Várszegi, and Partners law firm's 60 professionals, creating a task-force of specialists with the expertise required to resolve a complete range of legal services relevant to today's businesses.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

9

Corporate income tax (CIT) due dates
CIT return due date

The last day of the fifth month following the last day of the financial year (31 May for a calendar year taxpayer).

CIT final payment due date

The last day of the fifth month following the last day of the financial year (31 May for a calendar year taxpayer).

CIT estimated payment due dates

Paid quarterly or monthly.

Personal income tax (PIT) rates
Headline PIT rate (%)

15

Personal income tax (PIT) due dates
PIT return due date

20 May following the calendar year of income earning.

PIT final payment due date

20 May following the calendar year of income earning.

PIT estimated payment due dates

Tax estimated/advance payments can be due on a monthly basis (by the 12th day of the month following the month of income earning) for Hungarian-source income and quarterly basis (by the 12th day of the month following the quarter of income earning) for non-Hungarian-source income.

Value-added tax (VAT) rates
Standard VAT rate (%)

27

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

There is no WHT on any outbound payment made to foreign business entities based on the Hungarian domestic legislation.

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate (9%); however, the participation exemption regime may apply.

Individual capital gains tax rate (%)

Capital gains are subject to the normal PIT rate (15%). If certain conditions are not met, an additional 17.5% social tax is also payable.

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

N/A

Inheritance and gift tax rates
Inheritance tax rate (%)

18% (but a preferential 9% rate applies to residential property).

Gift tax rate (%)

18% (but a preferential 9% rate applies to residential property).

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.