Tax on a Budapest Apartment

[Shay O Toole]

Hi,I have a property in Budapest which I have paid tax on the rental income to the Irish Taxman.I have paid nothing in Hungary as I dont know how to go about getting an accountant over there.Am I covered under the double taxation agreement or what is the best way to stay compliant in both countries.Thanks

 

[webtax]

You should have paid tax in hungary first and used the DTA to reduce your irish tax liability - definitely do this in future years, but can't help with a hungarian accountant i'm afraid.

 

[Shay O Toole]

Thanks for the advice.Excuse my ignorance but whats DTA stand for

 

[xxx]

Doulbe Taxation Agreement