- Hungary’s National Tax and Customs Administration changes tax fine payment schedule to monthly
- Previously, fines were paid annually by 15 November of the following year
- From 1 April 2025, fines must be paid monthly by the 20th of the month after the fine is triggered
- Payment required once fine reaches 5000 HUF
- One-time annual notice given once threshold is met, then monthly payments for new fines
- Fine rate remains based on Hungarian Central Bank base interest rate plus 5 percentage points
- Change impacts cash flow and compliance monitoring for small or cash-strapped businesses
Source: fintua.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
