Hungary - Overview and introduction

Overview and introduction

Taxation of international executives

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Residents are taxed on worldwide income. Non-residents are taxed on Hungarian-source income only. The highest income tax rate is 16 percent.

The official currency of Hungary is the Hungarian Forint (HUF).

Herein, the host country refers to the country to which the employee is assigned. The home country refers to the country where the assignee lives when he/she is not on assignment.

© 2016 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.

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