COMPANY SHUTDOWN WITH DEBTS IN HUNGARY
Imagine the situation that you have a non-prospering company
without perspectives. The mass of non-paid invoices is just bigger
and your company cannot pay taxes. In this case the best option
just to shut down the company and say goodbye to Hungary thinking
that you are not liable for your company's debts. However, the
situation is not so simple, and leaving just the company behind may
be risky. In this short summary we summarise the legal
aspects of company shutdown which is worth to read before the
"close-shop".
1 Sanctions imposed by the tax authority
Even if the company has no income, until it is terminated, it
has to pay taxes, file tax returns and reports.
