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The minimum wage has been raised to HUF 200,000 gross, while the social contribution tax has been reduced to 13%. At the same time, personal income tax for persons younger than 25 has been abolished.
The post Salaries and payroll taxes in 2022, Hungary appeared first on HELPERS.
Starting from 2022, people under 25 do not pay personal income tax in Hungary. The new regulation aims at making the employment of young people more attractive to employers, while giving young people a boost in getting independent and starting their own life. Personal income tax benefit of young people from 2022 Under the new …
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If you operate a business in Hungary, you should be aware of bank holidays, when employees are not required to work normal working hours, and customers usually do not expect normal business hours. There are 13 of these each year, sometimes supplemented by extra rest days to create 4-day long weekends.
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Every employer must make sure their employees work in a safe environment. Law governs safety measures that must be applied at every work place, and that includes providing employees the knowledge for reducing risks. This is usually realized over work safety trainings to employees. Reducing risks through safety trainings While creating a safe working environment […]
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In Hungary, employees are entitled to at least 20 vacation days each year. This is a paid leave, and it is the employer’s responsibility to ensure that their employees actually take these days off in the given year. In some cases, however, vacation days can be carried over to the following year. Learn how and …
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Alongside the next increase to the minimum wage just announced for 2022, social contribution tax will be decreased to even out the financial burden on employers. This way minimum wage employees get a significant raise without a significant increase in their employers’ payroll costs. Social contribution tax decrease over the years 10 years ago, the …
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Last updated on 14 November 2021. Last week the new minimum wages were announced. This affects not only employees earning minimum wage or receiving benefits that are calculated based on that, but also the employers who have to adjust their budget, and indirectly, prices of various goods and services. On 14 November, we have updated …
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When you operate a business in Hungary, it is your responsibility to ensure that employees remain fit for performing their tasks. Arranging for yearly health checkups for your employees is an essential part of this. What is a health checkup? According to Hungarian law, it is the employer’s responsibility to let employees maintain good health […]
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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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When you are bringing talent to your Hungarian company from your home country, you should be aware of the most important aspects of employment as defined by the local labor law. Take a look at our quick summary of the most basic employee rights in Hungary! Hungarian Labor Code defines all aspects of employment in […]
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