Work in Iceland for a company in Hungary
Can I work remotely for a company in Hungary while being in Iceland?
It is usually doable, but we recommand to check the following key points first:
- Do you have a residence permit?
- Do you have a work permit?
- Do you have a company to work for?
- Do you have a bank account?
- Do you have a mobile phone?
- Do you have a computer?
- Do you have a car?
- Do you have a driver’s license?
- Do you have a passport?
- Do you have a visa?
- Do you have any other questions?
Yes, it is possible to work remotely for a company in Hungary while being in Iceland. You can work from anywhere in the world.
How to live in Iceland and find remote work in Hungary?
Finding remote work in Hungary if you are located in Iceland might be difficult, therefore we recommend you to find remote work in Iceland first.
The Icelandic economy is based on tourism, fishing and exporting of fish and fish products, but also on the export of renewable energy.
How a company in Hungary can send my salary in Iceland?
When working remotely for a corporation in Hungary, you salary can be send to Iceland but you need to pay the company’s taxes in Hungary.
In the last years, we have seen a boom in the international working field. In the last few years, the number of foreign workers in Hungary has grown at a rate of 30 percent. In 2013, the number of foreign workers in Hungary was 4.8 million people. The number of people working abroad is expected to rise to 7.5 million by 2020.
A large number of people are working abroad. Most of the people working abroad are working in the EU. This is because it is easier to work abroad in the EU. The EU provides a framework for the working conditions and the rights of the people working abroad.
The first thing you need to do when you want to work abroad is to determine your eligibility. You need to check if you have the right to work in the country where you want to work. You also need to check if you have the right to work in the country you want to work in. The second thing you need to do is to check if you need a visa to work in the country you want to work.
There are two types of visa. The first type is a short-term visa. This is a visa that is valid for a period of one to six months. The second type is a long-term visa. This is a visa that is valid for a period of more than six months.
Where to pay my taxes when working remotely in Iceland for a company in Hungary?
If you are working remotely in Iceland for a corporation established in Hungary, taxes could seem complicated but in fact it’s not that difficult.
In this article I’m going to explain the tax system in Iceland and Hungary. I’m going to show you how to calculate the tax you need to pay and what you need to do to get your money back.
Taxes in Iceland
In Iceland, the tax system is very simple. There are two different taxes:
VAT (Value Added Tax)
The tax is 5% on all goods and services. You can read more about VAT in Iceland here.
Income tax
Income tax is paid on all earnings. In Iceland, the tax is 25% on the first 3,500 ISK and 40% on all earnings over that amount.
Income tax in Iceland is calculated on the total earnings of a year, not on each month. If you have worked for more than a month, you need to calculate the tax for the whole year and pay it in one payment.
The tax is calculated on the total earnings of a year, not on each month.