KATA – Start-up friendly tax system in Hungary

KATA is a mosaic word for the so called Fixed-Rate Tax of Low Tax-Bracket Enterprises and on Small Business Tax whose detailed rules are regulated in the Act CXLVII of 2012 on the Fixed-Rate Tax of Low Tax-Bracket Enterprises and on Small Business Tax (afterwards: KATA Act). This tax system has been introduced originally for small taxpayers, i.e. low tax-bracket enterprises and for small businesses and allows a system for…

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FAQ – Establishing a company in Hungary

Companies in Hungary are legal persons, i.e. they have legal capacity, the shall be entitled to have rights and obligations. Their legal capacity covers all rights and obligations that do not inherently pertain solely to individual human beings (e.g.: religious beliefs), consequently the provision ont he protection of personality rights shall also apply to the inherent rights of legal persons as well. Legal persons may be established only in a…

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