Accounting services for 150 companies
Payroll service for 350 persons
Their total revenue: 6 500 000 000 HUF
Number of successful tax investigations: 76
- Entel Ltd.
- International Legal Services Ltd.
- GRA Autóház Ltd.
- CORVUS DESIGN Ltd.
- Tagai Racing Team Ltd.
Taxpayer exemption: according to the VAT Act the taxable entity as resident is entitled to choose tax exemption. In this case he is not entitled to tax deduction and he is not subject to taxation. In his invoice VAT rates can not figure. The condition for receiving tax exemption is that the yearly income does not exceed the 5.000.000 HUF. The choice to have tax exemption can be made during the year at registering the taxable entity respectively at the end of the year until 20th December becoming effective from the 1st of January next year. If the taxable entity chooses so, the tax exemption ceases from 1st of January next year or in case of exceeding the threshold value.
Hungary