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Hi VKING75, If you trade with a US or EU brokerage company, regulated in the US or EU, then 15% flat, no social security, no additional levies, charges or taxes, nothing, assuming that you're a Hungarian tax resident only.

It seems like the personal income tax exemption in Hungary has been clarified. Previously it looked like any woman who has 4 or more children may not have to pay personal income tax to Hungary ever again. Today it has been clarified and it is only partially true. It applies to salaries only. In...

You're mixing personal income tax with corporate tax. Companies in the EU does not have to pay corporate tax on dividends received from their EU subsidiaries and in Hungary, companies in certain circumstances may not have to pay tax on dividends from non EU subsidiaries either. However...

I think the tax moral is already pretty good in Hungary compared to how it was even just 5 years ago. The flat rate taxes and other incentives helped many businesses to be able to function efficiently. The present government lowered the social security levies on employees by a big margin and are...

Summary of the proposals: 0% tax rate on dividends. Whether it'll be applicable to private companies' stocks too or only to listed stocks is still not clear. 0% corporate tax rate for three years for small and medium sized companies. I think there may be other requirements to be met in order to...

What do you mean? If they indeed abolish the dividend tax altogether and not just on listed stocks, then if you own a company that pays regular corporate tax, then you may pay as little as 11% on the profits with your company and you may be able to withdraw all the profits as dividends, free of...

Even more tax incentives coming. It has not yet been confirmed but there is a good chance it may happen this year or from next year. 0% tax on dividends. It means that the 9% corporate tax plus the 2% city tax may be the final tax and you may won't have to pay any tax on dividends that you pay...

F-me! Thank you for your question! Indeed, the law has been changed in 2016 and then in 2017 again. From now on you can open TBSZ not just with local but with foreign brokers as well and you can trade any assets (stocks, bonds, currencies, options, futures, etc.). However, if you want to open a...

As far as I know only HUF denominated assets can be bought and sold on TBSZ. The law has been changed since its original implementation so now it may be possible to do so. Now you made me curious as well. I'm going to read the law, top to bottom and will get back to you when I can form an...

As far as I know there will be no catch at all. Any woman who has 4 or more children, whether they're fully grown adults (over 18 years old) or underage children, may qualify for permanent personal income tax exemption.

Hungary update: If you're a woman with 4+ children (and not a US or a citizen of any other country that taxes you based on your citizenship) then you may not have to pay personal income tax to Hungary ever again, assuming that you're a tax resident in Hungary only. The government has just...

Thank you, really useful. I didn't know about the requirement to pay tax in advance if you use a foreign broker. This really is bad, especially if you have to estimate your final tax liability in advance and transfer the advance payments based on your estimates. Even worse if you have to...

Thank you, much appreciated. What do you mean by commercial setup? Are you sure the capital gains tax rate applies to full time daytraders as well? Why daytraders are not liked by the authorities, by the tax authorities and by people in general?

It's just my opinion but I don't see things likes this in Romania that often. These are from 2018: https://www.theguardian.com/world/2018/oct/12/man-held-over-killing-of-bulgarian-journalist-viktoria-marinova-admits-attacking-her-say-prosecutors...

It depends on your tax strategy. The following is for single taxpayers as the thresholds are different for married people filing jointly: - If you trade equities on your own name then your trading income may be taxed on a marginal scale up to 37% on the federal level. This rate kicks in from...

We are not talking about physical certificates. There are two models for dematerialized share ownership: 1; Nominee ownership, this is the most common model, whereby the broker is the legal owner of your share but you're the beneficial owner. If the broker misuses the clients' assets then there...

Quote: "Barclays Smart Investor does not offer a certificated share dealing service. Following an extensive review of other providers, we believe The Share Centre offers an established alternative which you may want to consider using to buy and sell share certificates." The issue is that...

Unfortunately it's either not possible or really hard to do. I was trying to find a solution for that but I couldn't find any. The only country so far (that I know of) where every single trade gets registered by a government owned and/or controlled depository is Singapore. Basically when you...

Looks good to me but I don't speak Dutch or French so it's off the table for me. Hmm, interesting. I thought that Lynx is an independent broker but it seems like they're more like ProRealTime (they're are another introducing broker for IB in the EU). Lynx's website is a bit confusing because...

Exactly. Brokers are almost never bailed out but banks was bailed out, that's why I think it may be safer to open an account with a bank rather than with an independent broker. Misuse of clients' assets can happen with well run brokerage companies as well. You may remember MF Global!? On the...