Friday, 26 August 2022 16:50

Hungarian VAT registration: what you need to know

Hungarian VAT registration Hungarian VAT registration pixabay

Hungary is a prosperous European country located in the center of the continent, conducive to the creation of the most lucrative businesses.

This territory has a broad mentality that allows foreign investments to efficiently develop the best ideas. In Hungary today it is possible for a foreign company to do business in this country without establishing a Hungarian company or any other commercial presence.

In this specific case, you are obligated to carry out a Hungarian VAT registration. This mandatory procedure complies with the legal requirements of the European Union VAT. The key is that you are well advised, so that you are then only concerned with doing good business.

Hungarian VAT registration is a routine administrative process, especially if your company comes from another EU country. When incorporating a Hungarian company, you will receive a general tax identification number, which is also valid for VAT purposes. This means that you do not need to register a separate VAT number.

FirmaX has a team of tax and administrative experts who will guide you efficiently through the whole process of VAT registration of your company on Hungarian territory. If you are going to do business in Hungary, it is convenient that you meet all the requirements to develop your projects successfully.

FirmaX provides VAT registration service in Hungary, which includes the following benefits: identifying whether VAT registration is required or not, as there are exceptions, preparing the VAT registration form, arranging the signing of the required VAT registration forms, submitting the VAT registration application, coordinating the VAT registration with the tax authority, providing tax advice regarding VAT registration.

Your company must follow all the steps proposed by FirmaX experts, that guarantees that the procedure is well done. Once your company has fulfilled the requirements, you will be able to work on what you are most interested in: doing good business in Hungary.

Hungarian VAT registration is a routine procedure that must be fulfilled in order for foreign entrepreneurs to build a good business base in this country. Hungary is a prosperous nation, flexible and open to the creation of successful businesses in its territory. FirmaX has a team of tax experts to guide foreign entrepreneurs on tax and legal issues in Hungary. If you are well advised, the better chances you will have to build prosperous projects..

If you have any doubts, you should know that FirmaX offers a free initial consultation, either in person, by phone or by e-mail.

  • Step Up Your Game - Choosing the Right Shoes for Every Sport
    Step Up Your Game - Choosing the Right Shoes for Every Sport

    Whether you're a seasoned athlete or a weekend warrior, having the proper footwear is essential for optimal performance and injury prevention. The right shoes can provide support, stability, and traction specific to your chosen sport, allowing you to move with confidence and push your limits. But with an overwhelming array of options available, navigating the world of athletic footwear can be daunting.

    Written on Saturday, 27 April 2024 15:19 in Fashion Read more...
  • Stablecoins - The cornerstone of cryptocurrency stability
    Stablecoins - The cornerstone of cryptocurrency stability

    In the volatile world of cryptocurrencies, stablecoins represent an oasis of stability. Designed to combat the extreme fluctuations commonly associated with digital currencies like Bitcoin and Ethereum, stablecoins are pegged to more stable assets, such as fiat currencies or commodities. This article explores the nature, uses, and implications of stablecoins in the digital economy.

    Written on Wednesday, 24 April 2024 08:46 in Business Read more...
  • Netflix Changes Reporting Strategy - No More Subscriber Counts
    Netflix Changes Reporting Strategy - No More Subscriber Counts

    Netflix, a leader in the streaming market, has announced a significant change in its reporting strategy. Starting in the first quarter of 2025, the company will no longer publish quarterly data on the number of subscribers and average revenue per user. Instead, it will focus on presenting more advanced financial indicators such as revenue, operating profits, and cash flows, which are intended to better reflect the maturity and stability of the company.

    Written on Friday, 19 April 2024 15:51 in Business Read more...
  • Finding the Path Through Trauma
    Finding the Path Through Trauma

    Many stories of triumph over life's difficulties touch our hearts, but few are as inspiring as the tale of the Sloomoo Institute. This place, which exudes joy and energy today, has its roots in the personal tragedies of two extraordinary women: Karen Robinovitz and Sara Schiller. Over years of friendship, these two unique individuals transformed their experiences into a space where people can find joy in simple things, such as playing with the extraordinary material known as slime.

    Written on Friday, 12 April 2024 17:03 in Health Read more...
  • Samsung is doubling its semiconductor investment in Texas to $44 billion
    Samsung is doubling its semiconductor investment in Texas to $44 billion

    In light of the CHIPS Act, Samsung has announced plans to double its investment in Texas, which will bring the total investment in the state's chip manufacturing sector to $44 billion. The company's initial investment, nearly $20 billion, was made in 2021 to build a factory.

    Written on Friday, 05 April 2024 16:55 in Business Read more...