Child Benefits
In Hungary, child-rearing is supported in various ways. One of them is a lengthy maternity leave discussed in our previous article. Another one is the system of child benefits available to new mothers and parents.
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If you have employees working for your Hungarian company, they will be entitled to paid time off in line with Hungarian labor law. PTO is not an option: you as an employer must make sure that your employees have taken all their PTO by the end of each year.
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When a child is born, mothers are eligible for 24 weeks of maternity leave in Hungary. During and after their leave, they may receive maternity benefits from the state. At the same time, both parents become eligible for extra days of PTO and other forms of leave and benefits.
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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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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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Last week the 2024 changes to taxes in Hungary were announced. While the package a number of tax increases to counter inflation, most taxes directly relevant to doing business, such as corporate tax and payroll taxes remain the same. Read on to see what’s new.
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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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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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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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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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