Minimum Wage
Summer is here, which means a substantial number of students are entering the labor market for the next few months. Just as well, since various industry sectors are in need of the surplus, such as hospitality and agriculture. But how is student work taxed in Hungary, and how can your Hungarian company employ students? Student …
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We have already written about most changes to taxation in Hungary 2022 – most of which are tied to the ongoing pandemic and the government’s efforts to increase the purchase power of salaries while also creating a more favorable business environment for companies. Now see a summary of the changes, with links to the more …
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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.
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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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The ongoing coronavirus pandemic has had dire effects on world economy, creating bottlenecks in supply chains, rearranging the labor market, and increasing inflation, with the effects expected to be felt well into 2022. What are the most obvious changes? Find out with us.
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Taxes in Hungary are adjusted every year, and the Parliament has recently decided about the next changes to taxation. Some of them will affect your business in Hungary – find out how!
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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.
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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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Are you operating a company in Hungary? Then get ready for 2020, and learn about the changes to regulations that might be relevant to your operation, including VAT, KIVA, and the minimum wage.
The post 2020 changes to taxation relevant for your Hungarian SME appeared first on HELPERS.