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The private health insurance system in Hungary

Private health insurance plans allow you to access private healthcare facilities for a monthly fee. These institutions usually offer higher comfort, shorter waiting periods (if any), and more modern equipment than public hospitals.

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Public health insurance in Hungary: fees & coverage

Health insurance is an important concern for all of us, and even more so currently. You may know everything about health insurance fees and coverage in your own country, but how much do you know about the Hungarian system?

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Hungarian salary calculator available – in English, online

The main goal of our Hungarian salary calculator is to help foreign company owners make an informed decision before deciding to hire workforce, and save costs on this element of business planning.

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Minimum wage in Hungary increases

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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Salaries and payroll taxes in 2021, Hungary

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.

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Bank holidays in 2021 Hungary

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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Business etiquette for foreigners in Hungary

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.

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Changes to payroll taxes as of 1 July 2020

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.

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Pandemic relief: state aid, modified payroll taxes and unpaid leave rules

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.

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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.

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