Employment

Tax benefit of labor market entrants reduced from August 2024

If you are in the middle of hiring a person like this, you should consider choosing a starting date still in July, so you can still take advantage of the tax benefit of labor market entrants while it is available.

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Working in Hungary as a guest investor

While the main objective of the new Hungarian investment residency program is not to provide work permit in Hungary, holders of the so called guest investor residence permit will be able to work in Hungary without limitations.

The post Working in Hungary as a guest investor appeared first on Hungarian Work Permit.

NAV-Mobil – the official app of the Hungarian Tax Authority

Do you want to have access to your tax related information on the go? Then the official mobile app of NAV, the Hungarian Tax Authority is for you. For now, the app NAV-Mobil is available only in Hungarian, but it might still be a valuable tool for you.

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Who needs a work permit in Hungary?

The short answer is: every third country national who wants to work in Hungary needs a work permit. The long answer is: there are several types of work permits, and several types of work. They key is to match your residency to what you want to do in Hungary.

The post Who needs a work permit in Hungary? appeared first on Hungarian Work Permit.

Am I obligated to pay for my employee’s commute expenses?

When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible for the reimbursement of their commute expenses.

The post Am I obligated to pay for my employee’s commute expenses? appeared first on Helpers Finance.

Which work permit types are relevant to your Hungarian company?

Under the new Hungarian immigration law that came into force this year, the Hungarian work permit has been split into several categories. Which work permit types will be relevant to your Hungarian company?

The post Which work permit types are relevant to your Hungarian company? appeared first on Hungarian Work Permit.

Wage supplements and overtime in Hungary

When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to time, so it is worth getting familiar with them.

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Hungarian residency options for non-EU citizens under the new immigration law

As of 1 January 2024, new Hungarian residency options are available to third-country nationals living in Hungary or planning to move here.

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Exemption form work in Hungary

Labor law in Hungary is quite strict about how much time employees must be allowed to rest. They have at least 20 days of paid leave each year, and the law also defines reasons for exemption from work, when the employee still gets paid.

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New immigration law in Hungary – Will it affect your business setup?

Hungary has introduced a new immigration law that came into force on 1 January 2024. It will not affect Hungarian company setup, which will remain available to all nationalities. However, it will affect residency applications for the managing director, the employees, and their family members.

The post New immigration law in Hungary – Will it affect your business setup? appeared first on Company Formation.