The global economy relies on businesses expanding across borders, which results in more complex tax planning. For instance, controlled foreign corporations (CFCs) significantly impact international tax planning. Those involved in…
Hungary is constantly improving its AML (anti-money laundering) laws and regulations to ensure that its status as a compliant member state is not compromised. As such, the country complies with…
Compound interest is a rather simple concept in theory. It refers to reinvesting the interest earned on a positive balance in a savings or investment account to earn more…
Hungary, one of many Central European countries, is often mistakenly believed to be an offshore tax haven. This perception seemingly stems from Hungary’s lower corporate tax rate (9%) compared…
Since the news broke that British Prime Minister Rishi Sunak’s wife is non-domiciled (UK), the topic has been discussed and written about almost nonstop. But what does ‘non-dom’ status mean…
Protecting your loved ones’ financial future is the most important part of estate planning. However, in Hungary, inheritance tax can take a large chunk of the inheritance you leave behind.…
Many people are considering obtaining a second citizenship (or dual citizenship) in 2024. Being a citizen of two countries gives people the freedom to live, work, and own property in…
Hungary is known for its ancient historical sites and distinctive culture. However, in 2024, investors and expats are drawn to the country because of its growing economy. Those considering a…
After another year of price increases, global inflation will stabilize in 2024. This is according to forecasts by several leading financial institutions. This welcome news brings relief to consumers…
Global economic changes continue to affect export markets. This presents both challenges and opportunities for several countries, including Hungary. In 2024, despite several challenges, the country’s export market is still resilient. It also shows…