Business

Minimum wage in Hungary in 2023

The Hungarian minimum wage has just been increased with ca. 15% for 2023, which will affect not only payroll costs, but also various other tax items tied to the minimum wage. Read on to find out which of these will matter for your Hungarian business. Minimum wage and guaranteed minimum salary In Hungary, there are …

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Global minimum tax will not affect Hungarian SMEs

Hungary has finally agreed to the introduction of the global minimum tax in the EU. This will make major corporations with a worldwide yearly income over EUR 750 million pay corporate tax at 15%. While the Hungarian standard corporate tax can remain 9%, the implementation of the global minimum tax will affect all the relevant …

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Bank holidays in Hungary 2023

Make sure you are aware of all the holidays and special days when your business is supposed to be closed, or special wage supplements are to be paid to your employees working despite.

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Are you an online retailer with customers in the EU?

Set up an EU company that can handle VAT registration and payment for you through the IOSS. Save on your costs and offer better prices as well as better experience to your customers.

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3 recruitment mistakes to avoid at your Hungarian company

Learn how to avoid the most typical recruitment mistakes, and reduce the time, stress, and costs related to making new hires at your Hungarian company.

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5 questions to ask yourself before you make your first hire at your Hungarian company

If you operate a company in Hungary, sooner or later you might need to make hires. Your employees can perform tasks essential to growing your business. To optimize your operation, make sure you keep in mind these 5 things before you make your first hire. 1. What do you need the employee for? You do …

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The post 5 questions to ask yourself before you make your first hire at your Hungarian company appeared first on Company Formation.

Taxes on long-term investment in Hungary

Are you looking for long-term investment options in Hungary? Bank deposits, government securities, and stocks are among the most popular options. Whichever you choose, you will be required to pay taxes on your interests. Learn how you can decrease taxes, and what to watch out for when working with banks and brokerage companies. Investment as …

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Stay on top of the October economic trends and investment options in Hungary

How to make the most of your money is never an easy question. Especially under the current, unprecedented circumstances, among a pandemic, war, and increasing energy costs, it is increasingly difficult to make the right investment decisions. Read on to get an overview of the most prominent economic trends in Hungary in October 2022. Inflation …

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Tax benefits in Hungary

When planning for salaries in Hungary, you should keep in mind the various tax benefits available to employees. Since they increase net salaries without extra costs to the employer, they also function as incentives for employing certain demographic groups. Tax benefits and gross salary The tax benefits available in Hungary apply to everyone who is […]

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Company modification in Hungary

Are you running a Hungarian company? Then you must make sure that its data are always up to date in public databases. Depending on which data you are changing, update can be done simply by your accountant or with the help of a lawyer through “company modification”.

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