Hungary vs Seychelles
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ญ๐บ Hungary โ Local Business Tax & Communal Levies
Hungary's 19 counties and 3,177 municipalities levy Helyi Iparลฑzรฉsi Adรณ (HIPA โ local business tax) on companies at up to 2% of net revenues. This is a major cost for businesses operating in Hungary. Budapest applies the maximum 2%. Municipalities also set property tax (รฉpรญtmรฉnyadรณ) within national caps. Hungary has a uniquely simple income tax structure with a flat 15% rate across all income levels.
๐ธ๐จ Seychelles โ Seychelles Tax System
Seychelles has a progressive income tax up to 15% โ very low by global standards. No capital gains tax. The country is an established offshore financial centre (International Business Companies, trusts). Tourism dominates the formal economy. Business Tax (corporate tax) is 25% on the first SCR 1M, 33% above. The Seychelles Revenue Commission administers tax. EU blacklisted briefly in 2019 for harmful tax practices.
Hungary vs Seychelles: Key Tax Differences (2026)
๐ฐ Income Tax: Hungary and Seychelles have similar top income tax rates (15% vs 0โ15%).
๐ VAT/Sales Tax: Hungary has a higher consumption tax (5โ27% vs 15%).
๐ข Corporate Tax: ๐ญ๐บ Hungary offers a lower corporate rate (9% vs 33%), which can influence business location decisions.
๐ Capital Gains: ๐ธ๐จ Seychelles taxes investment gains at a lower rate (0% vs 15%), benefiting investors.