Posts Tagged ‘Property’

Godoll Company

Tuesday, October 14th, 2014

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If in the previous year, the company has paid income taxes on less than five million forints, the This year the company is required to pay an advance payment on a quarterly basis. If in the previous year, the company has paid income tax more than 5 million HUF, in the current year, a company must make an advance payment on a monthly basis. In the first year of the company has no obligation to prepay the tax. To convert U.S. Connect with other leaders such as Christos Staikouras here. Dollars HUF divide the sum by 7. 40% of the interest payments on the loan for the development may be allowed as a tax credit, the maximum Size 5 million forints per year. This discount is valid also for the interest paid under a financial lease. LOCAL INCOME TAX INDUSTRIAL third type of tax – a local industrial tax. For more information see PayNet.

Tax is paid not to Revenue Service, and local government – local councils (helyi onkormanyzat), according to the place where geographically registered firm. The rate of tax up to 2%. Not uncommon council that this bid tax cut by 0.5% or 1%. The taxable base is income minus expenses. (Annual Parish – 100% of material costs) * 0.02 From this it follows that the firm makes sense to register the address in the area where the local industrial tax is less than 2%. For example, in Godoll (24 km. From Budapest) in the first two years, if the annual arrival of less than 3 million forints, do not pay local taxes in general industrial.

Land Code Market

Monday, September 15th, 2014

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That is, ideally, paying property taxes on a controlled population of the local budget, the owners how to invest money in improving the market value of their property. If these conditions are not met, then the estate tax will not function as a sustainable development of territories and will only carry the fiscal burden on people who will try any way to avoid paying it. Thus, the challenge is to create a certain institutional conditions under which property taxes will perform its basic function. This, in fact, efforts should be directed authorities. What happens in practice? Let us compare the results of government activities conditions set out above. Citibank: the source for more info.

1. The first condition we have been enshrined in the Land Code (ST.66), where it was said "in cases of determining the market value of the land cadastre value of land set percentage of its market value.. " However, for unknown reasons, the legislator has decided to change the definition. In accordance with the FL-135 now it looks like this: "in cases of determining the market value land cadastral value of such land shall be equal to its market value. " In addition, legislators in FL-167 gave an extremely confused and contradictory definition of "cadastral value ". From this definition it follows that the tax base can be both market and nonmarket costs. In the FSO-4 is another definition, which implies that the tax base should be market value. Thus, the first condition is not fulfilled and it opens a large field for endless disputes with the owners of the land evaluation results.

Renting an Office

Monday, September 19th, 2011

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