Tax authorities
Ministry of Finance
Jozsef Nador Ter 2-4
1051 Budapest
Tel: +361 318 2066
Fax: +361 327 5969
Website: www.p-m.hu/enghome.htm
Tax Administration (APEH)
Széchenyi u 2
1054 Budapest
Tel: +361 6 1 428 5100
Fax: +361 6 1 428 5382
Website: www.apeh.hu/cgi-bin/index.php
Tax rates at a glance
(As of September 2009)
| Corporate income tax rate (%) |
10/16(a) |
| Solidarity surcharge rate (%) |
4 |
| Capital gains tax rate (%) |
10/16(a) |
| Branch tax rate (%) |
10/16(a)(b) |
Withholding tax (%) |
(c) |
| Dividends |
|
| Paid to companies |
0(d) |
| Paid to individuals |
25/35(f) |
| Interest |
|
| Paid to companies |
0(e) |
| Paid to individuals |
20 |
| Royalties |
0(e) |
| Branch remittance tax |
0 |
Net operating losses (years) |
|
| Carryback |
0 |
| Carryforward |
Unlimited |
(a) The 16% rate is the standard rate of corporate income tax. The 10% rate applies to the first HUF50 million $(206,000) of taxable income if certain conditions are satisfied (see Section B). All taxpayers must pay tax on the alternative minimum tax base if this base exceeds taxable income calculated under the general rules.
(b) Foreign companies are subject to special rules for the computation of the tax base.
(c) These rates may be reduced by tax treaties.
(d) Withholding tax on dividends paid to companies was abolished from January 1 2006.
(e) Withholding tax on interest and royalties paid to foreign companies was abolished from January 1 2004.
Source: Ernst & Young