Property Tax
This is a tax imposed by a local authority on land and buildings.
Buildings - to an upper limit of HUF 900 per square meter per annum, or 1.5% of the market prices of the asset.
Land - to an upper limit of HUF 200 per square meter per annum, or 1.5% of the market prices of the asset
Communal Taxes
An annual per capita payment - with a maximum of HUF 2,094 per employee.
Business Tax - 2% per annum of net sales - after due adjustments.
Inheritances and Gifts
Inheritance Tax - the rate of tax is up to 40%.
Subject to certain conditions, including the degree of relationship with the deceased, part of an inheritance is exempt from tax or is taxable at a lower rate.
Gift Tax - this tax imposed on assets with similar rates to inheritance tax .
Transfer Tax
A 10% tax is imposed on the transfer of real estate.
The tax is paid by the buyer.
