Europe > Hungary > Taxation

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Average time to clear customs > days	3.33 days		[19th of 39]
Components of taxation > Corporate income tax	u6.2%		[23rd of 28]
Components of taxation > Goods and service tax	37.4%		[7th of 30]
Components of taxation > Personal income tax	20.3%		[20th of 30]
Components of taxation > Social security > Contribution by employer	23.8%		[6th of 27]
Components of taxation > Social security > Employees contribution	6.2%		[21st of 30]
Customs and other import duties > % of tax revenue	0.75 %		[76th of 82]
Customs and other import duties > current LCU	-793000
Highest marginal tax rate, corporate rate > %	16 %		[80th of 108]
Highest marginal tax rate, individual > on income exceeding, US$	7,766.31 $		[62nd of 93]
Highest marginal tax rate, individual rate > %	36 %		[26th of 102]
Net taxes on products > constant LCU	2532777000000
Net taxes on products > current LCU	3045686000000
Net taxes on products > current US$	15,022,190,000 $		[27th of 159]
Net taxes on products > current US$ (per $ GDP)	149.083 $ per $1 billion of GDP		[21st of 174]
Net taxes on products > current US$ (per capita)	1,486.301 $ per 1 million people		[26th of 174]
Other taxes > % of revenue	1.63 %		[42nd of 91]
Other taxes > current LCU	129200000000
Social contributions > % of revenue	34.86 %		[13th of 78]
Social contributions > current LCU	2771304000000
Tax payments > number	24		[111st of 171]
Tax payments > number (per capita)	2.379 per 1 million people		[108th of 170]
Tax rates > % of managers surveyed ranking this as a major business constraint	49.68 %		[4th of 39]
Tax revenue > % of GDP	20.49 %		[30th of 98]
Tax revenue > current LCU	4466621000000
Taxes on goods and services > % of revenue	36 %		[28th of 98]
Taxes on goods and services > % value added of industry and services	16.66 %		[11th of 89]
Taxes on goods and services > current LCU	2862177000000
Taxes on income, profits and capital gains > % of revenue	18.56 %		[36th of 98]
Taxes on income, profits and capital gains > % of total taxes	33.03 %		[31st of 98]
Taxes on income, profits and capital gains > current LCU	1475245000000
Taxes on international trade > % of revenue	0.43 %		[76th of 86]
Taxes on international trade > current LCU	-793000
Total tax rate > % of profit	59.3 %		[36th of 171]
Total tax wedge > Single worker	52.6%		[2nd of 29]
Total tax wedge > Single-income family	38.9%		[5th of 29]
Value Added Tax > Lower rate for dwellings	0		[10th of 25]
Value Added Tax > Professional services	25		[1st of 25]
Value Added Tax > Standard rate	20%		[14th of 25]

Interesting facts on Hungarian Taxation

• People in Germany, Belgium, Hungary and Sweden have to pay almost half their salaries in tax.

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