Accountancy
Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.
The post Fringe benefits in Hungary – Cafeteria 2019 appeared first on HELPERS.
Hungarian payroll taxes and salaries were modified the end of December, but they are already valid for January. Following the same trend as last year, the minimum wage has been increased, while the employer’s payroll taxes remained the same.
The post Salaries and Payroll Taxes in 2019, Hungary appeared first on HELPERS.
In Hungary, every company is required to have accountancy from the moment of company formation. As a result, it is worth choosing a provider that offers both assistance in incorporation and accounting. Company formation and accountancy In accounting, there are some tasks that need to be performed right after company formation. These include mostly reporting …
The post Accountancy from company formation appeared first on Helpers Finance.
Is your company in need of temporary workforce? Consider simplified employment, which is a simple and cost-effective solution for hiring temporary workers in Hungary. Read on the for the most important questions and answers about hiring temps. Who is a temporary worker? A temporary worker is sometimes also called a casual worker or an occasional …
The post Make it simple – Employ a temporary worker in Hungary appeared first on Helpers Finance.
If you operate a company, sooner or later you will need employees. We have already wrote about what to keep in mind when making a new hire – now let’s see the various scenarios for terminating employment.
The post Checklist for terminating employment in Hungary appeared first on HELPERS.
If you have a Hungarian company, you probably have at least two or three bank accounts. But why exactly do you need them? Company bank accounts defined by currency The most important feature of a bank account is its currency. Nothing is simpler than receiving EUR payment to your EUR account, or paying a HUF […]
The post Why to have a bank account for each currency you do trade in? appeared first on HELPERS.
Opening a bank account is obligatory for all Hungarian companies. You have to comply within 8 days after company registration. This is a prerequisite of starting your business activity. We usually advise clients to open 3 bank accounts for 3 currencies. Read on to learn why! Open 3 Hungarian bank accounts HUF: for official fees, …
The post Hungarian bank accounts for your Hungarian company appeared first on Helpers Finance.
Depending on the nature of their business, we usually suggest that our clients open 2 or 3 bank accounts for their Hungarian companies at a local bank: HUF, EUR, and USD, different currencies for partners from different markets.
The post How many company bank accounts do I need in Hungary? appeared first on HELPERS.
VAT regulations in Hungary are amended each year to adapt to the changing economical environment. Learn about the 2018 VAT reduction and other new regulations regarding invoices with a high VAT content.
The post How does VAT in Hungary change in 2018? appeared first on HELPERS.
If your company has employees, your company deducts the personal income tax from their gross salaries (together with the social contributions). This way employees only get their net salaries, and you transfer their personal income tax to the Tax Authority.
The post How does the Hungarian personal income tax change in 2018? appeared first on HELPERS.