Business Planning

Forecast coming up about Hungarian economy in 2024

The next few weeks will be quite eventful regarding forming expectations about Hungarian economy in 2024. Key personalities are giving speeches at current events, and statistical data is also expected soon.

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Budget for the payroll costs at your Hungarian company

Before you make your first hire at your Hungarian company, consider the payroll costs you will incur through their employment. Read on to learn about minimum wages, payroll taxes, and company costs.

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Wine products no longer subject to representation tax in Hungary

Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the wine sector at the end of the year.

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Heating at the office – winter work safety in Hungary

While fall is warm and mild this year, we are already in the season where heaters will inevitably be switched on all over Hungary. Since temperature is an essential element of an appropriate working environment, heating at the office will play an important role in the health as well as the productivity of your employees.

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Expected yearly average inflation in Hungary in 2023

Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average inflation in 2023 will not be higher than 19%.

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Mandatory discounts to fight inflation in Hungary

As another measure aiming to reduce inflation, Hungary is now introducing mandatory discounts for retail stores selling food, groceries, and the like. The first discounts under this scheme must start on 1 June 2023. Will this affect your business? Read on to find out.

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Tax benefits in Hungary

While personal income tax in Hungary is 15% for everyone, various tax benefits may be applied to that based on age, marital status, and other circumstances. Get an overview of the most important tax benefits below so you will know when you or your employees can get more out of your gross salary.

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New price control measures introduced in Hungary to ease inflation

At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support small businesses. However, they might not be as beneficial as intended.

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Inflation decreasing, core inflation increasing in Hungary in Q1 2023

March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.

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How to become self-employed in Hungary?

Being self-employed in Hungary gives you the flexibility to decide when and how much you work for who. But is it really for you? Get a quick overview of what to watch out for before you take the first step.

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