Fringe Benefits

Salaries and payroll taxes in 2023, Hungary

With the ca. 15% increase to minimum wages in Hungary, you must make sure that the salaries you pay your employees are still above the required minimum, and adjust salaries and labor contracts as necessary.

The post Salaries and payroll taxes in 2023, Hungary appeared first on HELPERS.

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 […]

The post Tax benefits in Hungary appeared first on Hungarian Work Permit.

SZÉP card in Hungary in 2022

SZÉP card is the most popular form of fringe benefits in Hungary. It can normally be used for recreational activities, but because of the pandemic, some alterations were introduced. Among these, users were allowed to use the SZÉP card for buying foodstuff as well – with July that has come to an end.

The post SZÉP card in Hungary in 2022 appeared first on HELPERS.

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 […]

The post What is cafeteria in Hungary? Learn about fringe benefits appeared first on Hungarian Work Permit.

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 …

The post Changes to taxation in Hungary in 2022 appeared first on Helpers Finance.

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?

The post How does the SZÉP card work in times of Covid? appeared first on Helpers Finance.

Payroll taxes and contributions reduced in Hungary during the pandemic

Part of the economic relief measures in Hungary due to the coronavirus pandemic, some payroll taxes are reduced to help retain employees and heighten job security. The structure of fringe benefits and healthcare contributions also changes.

The post Payroll taxes and contributions reduced in Hungary during the pandemic appeared first on HELPERS.

Fringe benefits in Hungary – Cafeteria 2019

Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.

The post Fringe benefits in Hungary – Cafeteria 2019 appeared first on HELPERS.

2018 changes to fringe benefits in Hungary

Offering fringe benefits can make your company a more attractive work place for professionals, while it also helps you cut costs on taxes and contributions. In light of the latest developments, you might want to change the cafeteria plan you offer to your employees.

The post 2018 changes to fringe benefits in Hungary appeared first on HELPERS.

Fringe benefits in Hungary – Cafeteria 2018

Apart from salary, employees can receive a “non-salary compensation”. The various fringe benefits or cafeteria elements offer more favorable taxation options than regular salary – this is why many employers decide to offer cafeteria to their employees.

The post Fringe benefits in Hungary – Cafeteria 2018 appeared first on HELPERS.