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14.3. Calendar of Important Compliance Events

In Hungary, companies are required to file corporate income tax return every year (for each business year). Generally, the business year is identical to the calendar year, but companies may use a different business year. The tax year is consistent with the business year.

Companies are required to file their corporate tax returns and pay the corresponding tax by 31 May following the relevant tax year. If the taxpayer opts for a tax year other than the calendar year, the filing and payment deadline is the last day of the fifth month after the last day of the business year.

If the tax liability of the company for the previous tax year reached HUF 5 million (approx. EUR 14,300), an advance tax payment must be paid every month. If the amount is less than HUF 5 million, the company is required to make an advance tax payment each quarter.