Archive for February, 2010
Income Tax on Rental in Slovakia
Although income tax is 19% in Slovakia, the available incentives are so large, that an average apartment owner ends up with paying less than 2% tax on gross rental income. Here is how. The deadline for submitting the 2009 Tax Return in the Slovak Republic is March 31, 2010. This applies to individuals who own [...]
Income Tax on Rental Lowered in Hungary
Are you paying income tax on rental? Property owners renting their apartment in Central Eastern Europe have a tax liability in the country where the real estate is located. We differentiate between corporate and private ownership in Hungary. In case the owner is a company, all the expenses connected to the operation of the company [...]
Tax Update 2010
Reduced Stamp Duty in Hungary The purchase tax (stamp duty) payable after acquiring property in Hungary has been reduced by roughly 2%, effective January 1, 2010. 2% is due for the first 4 million HUF (14,800 EUR) of the purchase price, which is 80,000 HUF (296 EUR), then a further 4% for the remaining amount. [...]
