Minimum Wage
In Hungary, the minimum wage is raised every year in an attempt to keep up with inflation and increasing living costs so it remains a living wage. It is always the result of ongoing negotiations between the representatives of employees, employers, and the government. The new minimum wage for 2026 has just been announced – let’s see how it will affect your Hungarian business.
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When you make your first hire at your Hungarian company, you will need an employment contract to formalize the agreement between you and your employee. Here you can find a quick guide about what to include, as well as some practical advice.
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Hungary does not have a progressive tax system, so it doesn’t really have tax brackets. However, it offers various tax benefits and preferential tax regimes that are available under certain income limits.
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In Hungary, the minimum wage is increased every year so it can remain a living wage against inflation. In line with this, the minimum wage is increased again as of 1 January 2025. Read on to see how this will affect your Hungarian business.
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Just like every year, minimum wages are being adjusted as of 1 January 2025 so employees can receive a living wage. While employment related taxes do not change, the family tax benefit is increased, and fringe benefits are expanded.
The post Salaries and payroll taxes in 2025, Hungary appeared first on Helpers Hungary.
The new laws governing taxes in Hungary in 2025 has just been published. In our first article on this topic, you can discover the 2025 changes most relevant to HR and payroll, how to calculate taxes, and what benefits you can offer to your employees at your Hungarian company.
The post HR and payroll related changes in Hungary in 2025 appeared first on Helpers Finance.
The Hungarian government budget for 2025 was presented to the Parliament on 11 November, and is expected to be finalized by 20 December. It contains not only the amounts to be spent on various institutions, but also predictions and expectations for 2025.
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This year, the minimum wage was increased by 15%, while the guaranteed minimum salary by 10%. No changes were made to payroll taxes in 2024, but there have been some changes to the SZÉP Card.
The post Salaries and payroll taxes in 2024, Hungary appeared first on Helpers Hungary.
This year, the minimum wage was increased by 15%, while the guaranteed minimum salary by 10%. No changes were made to payroll taxes in 2024, but there have been some changes to the SZÉP Card.
The post Salaries and payroll taxes in 2024, Hungary appeared first on HELPERS.
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.