Hungary: new taxation forms for small sized entities

On 1 October 2012 the Hungarian Parliament accepted the draft law on the specific tax for small entrepreneurs.

The small entrepreneurs’ specific tax (SEST) is one of the options for sole proprietorships, single member companies, and unlimited partnerships solely with private individual members.

Entrepreneurs choosing this tax system have to report all individuals taking part in its entrepreneurial activity as “small tax payers” irrespective of the form of their legal relationship (excluding employment relation) with the entrepreneur.

Such reporting is also required in the case of executive officers having personal service contracts with the entrepreneur(s) and in the case of members who necessarily participate in the entrepreneur’s business.

The specific tax payable is HUF 50 000 for a month with respect to full time small tax payers, who will also be considered to be secured for social security purposes, whereas the tax payable with respect to part time small tax payers is HUF 25 000, who will however not be secured.


Tags: ,

Lascia un Commento

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *


È possibile utilizzare questi tag ed attributi XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>