Guide to Submitting Hungarian Tax Returns and Crypto Taxes
- Ricardo Batista
- Hungary
- June 7, 2024
- Gather all needed documents such as proof of income and expenditures (e.g. payslips, invoices, business records, cryptocurrency transaction records).
- Register for the online tax system NAV - Online Tax System Registration .
- After registration, log in and find the correct tax form for your income type.
- Fill out all necessary fields in the tax form, add required attachments, and submit it through the online system.
- Remember to claim any allowable deductions or credits.
- Wait for the acknowledgement from the tax office after submission.
- Proof of income: employment contract, salary notes/payslips, invoices for income from self-employment, etc.
- Documents related to deductions and credits: invoices for educational expenses, reports on cryptocurrency investments and transactions, invoices for deductible expenditures (like business expenses).
- ID card or passport.
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Table of Contents
Description
What is it?
Tax return submission is a process where individuals or businesses file information about their income and taxes to the tax authorities. This guide focuses specifically on submitting tax returns in Hungary, and includes information on crypto taxes.
Who needs it?
Anyone residing in Hungary who has earned an income within a year that is taxable by the Hungarian Tax and Customs Administration. This includes income earned through regular wages, self-employment, and cryptocurrency investments.
Procedure
Required Documents
Providers that can do it for you
(We are currently curating the best providers. If you are or know a provider, please contact us or edit the page directly)
| Provider | Website | Timelines | Cost |
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Additional details
It’s important to keep a track of all your cryptocurrency transactions to accurately report your gains or losses during tax returns. The Hungarian tax law currently mandates a 15% income tax and 19.5% health contribution on the gain in value from activities related to virtual currency.
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