How high are the corporate income tax in Hungary?
Resident companies are taxed for all incomes regardless if derived domestically or internationally. All companies are taxed at a flat rate of 9% for corporate income tax
- In addition, there is also a 0-2% municipal tax on all profits depending on the location of registration of the company and/or where its business activities are conducted
- For dividends, however, is not tax except for those derived from sources that are in low-tax countries. In which case, the dividend tax is 9%
What Double-tax treaties has Hungary?
Since Hungary is a member of the EU, it has entered into different agreements with different jurisdictions to avoid double taxation. To date, it has on-going agreements with:
Albania, Armenia, Australia, Austria, Azerbaijan, Bahrain, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Canada, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Hong Kong, Iceland, India, Indonesia, Iraq (ratified, not yet in force), Iran, Ireland, Israel, Italy, Japan, Kazakhstan, Kosovo, Kuwait, Latvia, Liechtenstein, Lithuania, Luxemburg, Macedonia, Malaysia, Malta, Mexico, Moldova, Mongolia, Montenegro, Morocco, Netherlands, Norway, Oman, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, San Marino, Saudi Arabia, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taipei, Thailand, Tunisia, Turkey, Turkmenistan, Ukraine, United Arab Emirates, United Kingdom, United States of America, Uruguay, Uzbekistan, and Viet Nam.
Status: End of 2020