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The number of companies opting for small business taxation has increased eightfold in four years, reaching 53,000, but the trend may continue, as the Finance Ministry estimates that at least 50,000 more businesses would choose to opt, he said Norbert Izer, Secretary of State for Taxation of the Ministry of Finance. to. While at the end of the year the tax office registered 6,500 exceptions at the end of 2016, in seventeen days of this year, from December 1 to 17, 3,500 companies have already been registered under the kiiva. – presented the latest data to the Secretary of State.
He added: companies that have opted for this type of tax so far
A total of 185 billion HUF was saved in taxes.
This amount could increase significantly next year, as the small business tax will be even more favorable from January 1, 2021, so the camp of those who choose kiwi until December 31 can grow significantly.
Starting in 2021, the rate of kiwi will decrease by one percentage point to 11 percent. When changing the input value limit, it can be useful for larger companies to choose this one as well, as they can choose from three billion guilders instead of one billion. The retention threshold will increase from HUF 3 billion to HUF 6 billion. The small business tax will also be an option for medium-sized businesses, thus promoting business competitiveness and contributing to economic growth, added Norbert Izer.
The Ministry of Finance wants to make companies aware of their tax issues and choose the most favorable form of taxation for them, stressed the Secretary of State, adding that the PM has developed a so-called calculator to facilitate this. In addition, the tax agency notified the possibility by email to those companies that could expect to save at least one hundred thousand florins from the application of this type of tax.
It may be more beneficial for companies where the manager already sees that
next year, the wage bill will be higher than its earnings or the company will convert its earnings into growth.
It is worthwhile for all companies to perform the test calculations based on the expected results for 2021, the secretary of state suggested.
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