Taxation of small businesses can greatly facilitate the administrative side of the business start-up, but there are several disadvantages that do not make it worthwhile to become a small- business-taxpayer in Hungary.
In case of tax debts, small-business taxpayer status is canceled and can not be re-elected for two years: the rule is strict, however, in the event of tax liability. If the small business taxpayer's debt exceeds 100,000 forints by the end of the year, the entrepreneur will not only fall away from the favorable tax cycle but will not be able to go there for two years.
So, for whom one of the above lists may be similar, they should not choose the small business taxation solution. In addition to all the difficulties mentioned above, it is worth adding that it is always worthwhile to trust an accountant or tax adviser since the current regulation imposes a great deal of smaller and bigger obligations on the enterprise.
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