FEOR in Hungary is the standard classification of occupations. You will need it when you report a new hire to the Tax Authority, and it is used to make statistics about how the population is employed.
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NACE, or TEÁOR in Hungarian, is a classification of economic activities that is used in Europe to make statistics about what businesses do and where their income is from. The latest NACE update came into force as of 1 January 2025, and it might mean a few additional tasks for you and your accountant.
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In Hungary, the minimum wage is increased every year so it can remain a living wage against inflation. In line with this, the minimum wage is increased again as of 1 January 2025. Read on to see how this will affect your Hungarian business.
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The Hungarian Parliament has recently accepted the law governing taxes in Hungary in 2025. In our second article on changes being introduced next year, you can discover the 2025 tax changes most relevant to your Hungarian business operation.
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The new laws governing taxes in Hungary in 2025 has just been published. In our first article on this topic, you can discover the 2025 changes most relevant to HR and payroll, how to calculate taxes, and what benefits you can offer to your employees at your Hungarian company.
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The Hungarian government budget for 2025 was presented to the Parliament on 11 November, and is expected to be finalized by 20 December. It contains not only the amounts to be spent on various institutions, but also predictions and expectations for 2025.
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With the mandatory introduction of two-factor authentication in governmental administration, accountants are facing a new challenge come 2025. Read on to learn how 2FA for the Client Gate can cause issues in accounting.
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Paid time off or PTO is an integral part of labor law in Hungary. Workers need time off to rest, to heal, or to take care of emergencies without compromising their livelihood. The number of days available for PTO each year depends on various factors.
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To counter the negative effects of the import of heavily subsidized Chinese electric vehicles, the EU is introducing punitive levies from November 2024.
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Because of the Christmas holidays, two working Saturdays are coming up in December. It is not too early to start planning: make sure you have a plan for opening and closing times for your business.
The post Working Saturdays in Hungary in 2024 appeared first on Helpers Finance.