Overview of taxation of corporates/ companies/ business associations in Hungary
Tax system in Hungary is classified into 2 fields: central (e.g. corporate income tax, VAT) and local levels (e.g. local business tax charged by the local municipality). For both of the fields is the so called self-assessment-principle determinative. But in certain cases the Hungarian tax authority, the National Tax and Customs Administration (NAV) is also entitled to enforce and collect tax.