Taxes
verbs
follow recommended practicies
nouns
income taxes
VAT
CIT
PIT
tax payable
tax receivable
carry forward loss
employees
employee benefits
tax haven
tax evasion
tax return
tax rebate
tax authority
tax burden
pay taxes
wrap up the tax return
submit
gross income
lower the tax burden
tax risk
tax regime
effiective tax rate
set aside for taxes
fiscal policy
avoid paying taxes
charge a tax
levy
small business tax
local business tax
deduct
social contr. tax
(when you pay more tax than you should - refund)
The tax burden is heavy in Hungary, companies have to pay all kinds of taxes, like Corporate Income Tax, Local Business Tax and Value Added Tax.
Even if you follow the recommended practices, you may end up paying more tax than you should. In this case, you can apply for a tax rebate.
The taxpayers should wrap up and submit their tax returns several days prior the dealine, thus they will avoid running a tax or a default penalty risk.