WorldTax Compareโ† All Comparisons

Trinidad and Tobago vs Hungary
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
vs
๐Ÿ‡ญ๐Ÿ‡บ Hungary
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
25โ€“30%
30% top; energy transition planning
No change
15%
Flat 15%; family tax allowances significant
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12.5%
12.5% maintained
No change
5โ€“27%
27% standard maintained; food VAT under review
No change
Corporate Tax Rate
Corporate Tax Rate
25โ€“35%
CIT stable; LNG sector key
No change
9%
9% maintained; supplementary tax for Pillar Two compliance
No change
Capital Gains Tax
Capital Gains Tax
0%
No CGT
No change
15%
15% flat maintained
No change
Social Security & Payroll
Social Security / Payroll
~13.2%
NIS reform ongoing
No change
~28.5%
Stable; employer 13% SZOCHO
No change
State, Regional & Local Taxes

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago โ€” Municipal & Regional Corporations

Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean โ€” natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.

๐Ÿ‡ญ๐Ÿ‡บ 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.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Trinidad and Tobago vs Hungary: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago has a higher top income tax rate (25โ€“30% vs 15%). ๐Ÿ‡ญ๐Ÿ‡บ Hungary is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Hungary has a higher consumption tax (12.5% vs 5โ€“27%).

๐Ÿข Corporate Tax: ๐Ÿ‡ญ๐Ÿ‡บ Hungary offers a lower corporate rate (9% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

Related Comparisons

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡ฉ AndorraTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฒ๐Ÿ‡จ MonacoTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฑ๐Ÿ‡ฎ LiechtensteinTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ธ๐Ÿ‡ฒ San MarinoTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ง๐Ÿ‡ง BarbadosTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡ฑ AlbaniaTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡ด AngolaTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡ท ArgentinaTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡ฒ ArmeniaTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡บ AustraliaTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡น AustriaTax comparison๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago vs ๐Ÿ‡ฆ๐Ÿ‡ฟ AzerbaijanTax comparison