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08:33 Jan 19, 2012 |
Hungarian to English translations [PRO] Law/Patents - Law (general) / Megszüntető határozat | |||||||
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| Selected response from: Katarina Peters Canada Local time: 17:45 | ||||||
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5 +1 | prominent public benefit nonprofit Ltd. |
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4 | prominently public nonprofit limited liability company |
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prominent public benefit nonprofit Ltd. Explanation: According to the Hungarian laws and regulations, private individuals may donate the one percent (1%) of their income tax to the appointed organizations as well as to public benefit organizations and prominently public benefit organizations established by them. http://www.complex.hu/jr/gen/hjegy_doc.cgi?docid=A1000140.TV Hungary also exempts from corporate income tax an association or foundation’s income derived from statutory or related economic activities, with unrelated economic income subject to tax under certain circumstances. Such a distinction does not apply to nonprofit corporations; thus, their economic activities are generally taxable. However, income of a public benefit or “prominent public benefit nonprofit corporation” is not taxed if it is generated from public benefit activities provided under contract with a state body. http://www.usig.org/countryinfo/hungary.asp |
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prominently public nonprofit limited liability company Explanation: :) |
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