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Accounting – Contribution to the chamber 31st March

19 March 2017

All business associations1  are required to initiate their recording to the registry of chamber and to support the public tasks of the chamber pay 5.000,- HUF/year contribution to the competent chamber as per the headquarter of the company

The contribution shall be paid yearly- without any prior official notification - until 31th March of each year.

The unpaid contribution is treated as a public due, in which case the central tax authority will make the necessary legal steps to collect it- similarly to taxes and other contributions.2

Additionally the company’s also have an announcement obligation, if any changes occur in the recorded information, or in case of closure, the company must report it within 5 days to the chamber.