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The recent changes to regulations have increased the minimum wage in Hungary by 4%. The guaranteed minimum salary, another type of minimum pay, has also grown by the same amount. In this blog post, we explain how this affects your accounting.
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As of 1 February 2021, the minimum wage is raised to gross HUF 167,400, and the guaranteed minimum salary to gross HUF 219,000. Learn how this affects your company costs.
The post Salaries and payroll taxes in 2021, Hungary appeared first on HELPERS.
If you operate a business in Hungary and you have employees working for you, you must know about Hungarian bank holidays to better plan work loads, budget for wage supplements, and make informed business decisions.
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If you want to build lasting and fruitful business relationships locally, you should get familiar with basic business etiquette in Hungary. Show your respect towards your partners by being well-dressed, punctual, and polite.
The post Business etiquette for foreigners in Hungary appeared first on HELPERS.
There have already been several tax related changes this year, and now here are the most relevant changes for employers and employees taking effect on 1 July 2020. Reduced social contribution tax The social contribution tax paid by employers on top of the gross salary is reduced from 17.5% to 15.5% as of 1 July …
The post Changes to payroll taxes as of 1 July 2020 appeared first on Helpers Finance.
While decreasing business volumes caused by the pandemic place an unexpected burden of both employers and employees, various benefits and tax reductions help business owners in Hungary to retain work force while keeping their business afloat. State aid for reduced working hours Lower business volume means less income as well as less work. As a …
The post Pandemic relief: state aid, modified payroll taxes and unpaid leave rules appeared first on Helpers Finance.
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.
As part of the economic relief measures in Hungary related to the COVID-19 pandemic, the government will provide an allowance for 3 months for income lost due to reduced working hours.
The post State aid: 3-month allowance to protect jobs with reduced working hours in Hungary appeared first on HELPERS.
The Helpers Team decided to work remotely in order to do our share in protecting the health of everyone we would come in contact with during our daily work, during commuting, and at home. Please consider how you can contribute too.
The post Remote working in the Helpers office appeared first on HELPERS.
Some managers and experts are irreplaceable in a corporation. Their expertise may be needed when you are setting up a new entity in a foreign country, or when you are launching a new project at your foreign subsidiary. In these cases, you can send these precious employees on a temporary deputation.
The post Intra-corporate transfer (ICT): How to transfer employees to Hungary? appeared first on Hungarian Work Permit.