The amount of the simplified public burden contribution (ekho) will decrease by 13 percentage points, as the so-called payer's ekho will cease to exist from September. Thus, the amount of tax to be paid will be 15 percent, the Ministry of Finance announced on Tuesday, after the relevant decree was published in the Magyar Közlöny.

The government expects, writes 444, that

sole proprietors can switch to flat-rate taxation, companies to small business tax, and performers to ecoho.

The newly published decree abolishes the audit obligation in the case of tax companies, they write. They added: public limited companies, limited partnerships, sole proprietorships and law firms will come under the scope of the Accounting Act with the termination of the kata, but the parties concerned will this time be exempted from the obligation to audit their opening balance sheet, thereby

administration becomes easier and the cost of auditing can also be saved.

It was emphasized that the limited liability company does not have to wait for the termination of the company through a simplified liquidation, because the member with unlimited liability can be registered as an individual entrepreneur from the day of the notification of the simplified liquidation. Thus, according to the Ministry of Finance, the internal member of the Katás limited partnership can be a flat-rate individual entrepreneur even after the announcement of the decree.

They recalled that, according to the ministry's data, about 41,000 people farmed last year, but they expect this number to increase significantly from September. In addition to a normal occupation, the persons concerned can choose Ekho with an annual income of up to HUF 60 million, provided that taxes and contributions are paid in the normal way up to the minimum wage. However, if, for example, a musician's income does not reach the annual minimum wage, because they are only employed for four hours, for example, then the income per year must be prorated, so in this case the annual income limit is HUF 30 million, they write.

Source: mandiner.hu

Featured image: MTI/Zoltán Balogh