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We understand the unique challenges and opportunities that arise when doing business in Hungary. Our goal is to help you navigate these challenges and maximise your success in this dynamic and competitive market. Whether you are looking to expand your business, establish new partnerships, or navigate legal and regulatory requirements, we are here to support you every step of the way.
The Korean Business Group is led by professionals with extensive knowledge in the fields of taxation and technology. Together with our expert teams, we are committed to delivering personalised solutions and guidance to help our clients achieve their business goals. We pride ourselves on building strong, long-lasting relationships with our clients, and we are dedicated to helping them succeed in their endeavours.
This page provides support for organisations based in Korea wishing to establish a business or enhance their presence in Hungary. The page also provides an overview of PwC Hungary’s Korean-tailored service portfolio.
PwC provides a wide service portfolio to support its Korean clients, enabling them to reach their maximum potential during their Hungarian operation. PwC Hungary specialises in tax, legal, assurance and advisory services.
Companies that operate in Hungary face new tax challenges day after day due to the rapidly changing regulatory environment.
Our experts, equipped with a wide range of up-to-date and market-leading knowledge, provide tax advisory services in all tax fields and innovative technology solutions for the automation of tax-related obligations.
Further information
On 13 March 2025, the Ministry of Foreign Affairs and Trade published the latest proposed amendment of Government Decree 210/2014 (VIII. 27.) (VIP cash subsidy regulation) for public consultation. Feedback is expected until 21 March 2025.
As of March 1, 2025, the conditions for assigning the right to deduct import VAT for indirect customs representatives will become significantly stricter.
Companies operating in the field of electricity and natural gas sales faced significant changes on the last day of 2024 regarding the introduction of mandatory electronic invoicing.
Domestic companies affected by the global minimum tax rules are subject to a notification obligation regarding the MNE group within 12 months from the start date of the tax year beginning in 2024 - by December 31, 2024, for calendar-year companies- as per the rules set forth in the Minimum Tax Act.
Dr. Tamás Lőcsei
Partner
Barbara Koncz
Partner
Soontae Kwon
Director, KICPA
Kornél Szeőcs
Director
Fruzsina Tomity
Manager
