Benefits

Is the loan of the Széchenyi Card Program a good option for your small business?

The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option in the current financial environment.

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EKHO, the simplified tax for creative professions

EKHO is short for Simplified Tax and Contribution (“Egyszerűsített Közteherviselési Hozzájárulás”) in Hungary. It is a favorable tax regime aimed at creators in various fields intended to promote Hungarian culture. Learn its basics, and find the list of professions that can make you eligible. EKHO is for natural persons The beneficiaries of the EKHO tax …

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What is cafeteria in Hungary? Learn about fringe benefits

When you hear the word “cafeteria”, normally you would think of a self-service restaurant. In Hungary, however, “cafeteria” is the collective term for fringe benefits you can give your employees above their gross salary. Learn how it works, and see if it can be beneficial to your Hungarian company. Cafeteria can make you a more […]

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Changes to taxation in Hungary in 2022

We have already written about most changes to taxation in Hungary 2022 – most of which are tied to the ongoing pandemic and the government’s efforts to increase the purchase power of salaries while also creating a more favorable business environment for companies. Now see a summary of the changes, with links to the more …

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Personal income tax waived for those under 25 in Hungary

Starting from 2022, people under 25 do not pay personal income tax in Hungary. The new regulation aims at making the employment of young people more attractive to employers, while giving young people a boost in getting independent and starting their own life. Personal income tax benefit of young people from 2022 Under the new …

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Personal income tax refund for families in 2022

The personal income tax refund for families, first floated in June, has recently been finalized. Anyone raising children in Hungary can expect a refund on their personal income tax paid in 2021, reimbursed early 2022. Are you eligible? How much to expect? Find out below! Who is eligible for the personal income tax refund? The …

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Development tax benefit for your Hungarian SME

The development tax benefit allows Hungarian SMEs realizing certain investments to decrease their corporate tax by up to 80%. The mechanism is simple: you can reduce your corporate tax by a certain portion of the amount you invested.

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How does the SZÉP card work in times of Covid?

the government recently had to adjust the corresponding rules due to the economic impact of Covid. But what are these changes are and how long will they be in place?

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NÉTAK: the tax benefit of mothers of four or more

NÉTAK gives mothers of four or more children an exemption from paying personal income tax. They will earn more while the employer’s costs related to their salary do not increase, making NÉTAK beneficial for both employer and employee.

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Hungarian salary calculator available – in English, online

We proudly announce that our English-language online Hungarian salary calculator is now available. Check out the Hungarian salary calculator Designed for foreign-owned companies Our clients are mostly foreigners operating a company in Hungary. As such, for them the most important pieces of information are the company cost and the net salary: how much hiring an …

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