Taxation of international executives
Are there special residency considerations for short-term assignments?
Are there special payroll considerations for short-term assignments?
What income will be taxed during short-term assignments?
No special rules; general rules apply.
Are there any additional considerations that should be considered before initiating a short-term assignment in Hungary?
An economic employer testing is recommended to be initated in order to assess whether taxation arise. This is recommended in case of all short term assignments.
Also, as wven short term assignments needed to be registered with for labor inspection purposes, it is anticipated that the tax authority will have better insight in terms of short term assignments, business trips.
© 2017 KPMG KPMG Tancsad Kft./KPMG Advisory Kft., a Hungary limited liability company and a member of the KPMG network of independent firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.