Inflation
The next few weeks will be quite eventful regarding forming expectations about Hungarian economy in 2024. Key personalities are giving speeches at current events, and statistical data is also expected soon.
The post Forecast coming up about Hungarian economy in 2024 appeared first on Helpers Finance.
Like every year, minimum wages have recently been adjusted to offset the impact of inflation. The minimum wage was increased by ca. 15%, and the guaranteed minimum salary by ca. 10%. There have been no changes to payroll taxes in 2024. At the same time, there are some new features for the SZÉP Card.
The post Salaries and payroll taxes in 2024, Hungary appeared first on Helpers Finance.
The Hungarian government has announced the minimum wage and the guaranteed minimum salary for 2024. The gross minimum wage will increase by 15%, and the guaranteed minimum salary by 10%. The increase is implemented early, as of 1 December 2023.
The post Minimum wage in Hungary in 2024 appeared first on Helpers Finance.
The number of yearly tax inspections conducted by the Hungarian Tax Authority has been steadily increasing over the past few years. The most popular tax inspected continues to be VAT, since it is a major contributor to the national budget. If your company operation is compliant with regulations, you have nothing to worry about.
The post Hungarian Tax Authority conducts more tax inspections appeared first on Helpers Finance.
Money left on a regular bank account pays hardly any interests, while making investments through a securities account can even increase their value, especially in a high inflation environment like that of Hungary these days.
The post What are the advantages of opening a securities account? appeared first on Helpers Finance.
Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average inflation in 2023 will not be higher than 19%.
The post Expected yearly average inflation in Hungary in 2023 appeared first on Helpers Finance.
As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card for buying groceries. This way you as an employer can also provide better fringe benefits to your Hungarian employees.
The post Better fringe benefits for your Hungarian employees in 2023 appeared first on Helpers Finance.
As another measure aiming to reduce inflation, Hungary is now introducing mandatory discounts for retail stores selling food, groceries, and the like. The first discounts under this scheme must start on 1 June 2023. Will this affect your business? Read on to find out.
The post Mandatory discounts to fight inflation in Hungary appeared first on Helpers Finance.
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support small businesses. However, they might not be as beneficial as intended.
The post New price control measures introduced in Hungary to ease inflation appeared first on Helpers Finance.
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here.
The post Inflation decreasing, core inflation increasing in Hungary in Q1 2023 appeared first on Helpers Finance.