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ARTICLE · 24 MARCH 2025

Payment In Euro

The payment in euros is gaining an increasingly important role in Hungary, especially in the payment of corporate tax, which since August 2022 can be paid not only...

HungaryFinance and Banking

The payment in euros is gaining an increasingly important role in Hungary, especially in the payment of corporate tax, which since August 2022 can be paid not only in forints but also in euros and US dollars. Both companies and individuals can take advantage of the benefits of paying in euros, especially when doing business or invoicing in foreign currencies. The VAT law and consumer protection regulations allow the use of foreign currencies in Hungary, but it is important that the appropriate rules and legal requirements are always followed, especially when concluding consumer contracts in foreign currencies.

However, paying wages in foreign currency is generally not permitted according to Hungarian legislation, although there is the possibility for employees in leadership positions and individuals working abroad to be paid in a currency other than forints. When paying wages in foreign currency, the legal consequences, which are determined by local consumer

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