Hungary
At a glance
| Tax rate | 9% |
| Tax base | adjusted pre-tax profit (Hungarian GAAP) |
| Tax grouping | No |
| Tax loss carry forward | 5 years, deductible up to 50% |
| Withholding taxes | No withholding tax |
| Capital gains | 9% |
Introduction
Hungary is a parliamentary constitutional republic in Central Europe. It is situated in the Carpathian Basin and is bordered by Slovakia to the north, Romania to the east, Serbia to the south, Croatia to the southwest, Slovenia to the west, Austria to the northwest, and Ukraine to the northeast. The country's capital and largest city is Budapest. Hungary is a member of the European Union, NATO, the OECD, the Visegrád Group, and the Schengen Area. (Source: Wikipedia)