Payroll Taxes
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.
If you leave Hungary before you reach retirement age, you do not get a refund on these taxes. However, you will be compensated depending on where you retire.
The post Do I get a refund on my taxes intended to cover pension payments upon leaving Hungary? appeared first on Helpers Hungary.
Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare the employment correctly to avoid fines.
The post Summer is the season for temporary work – make sure to declare it appeared first on Helpers Finance.
Last week the 2024 changes to taxes in Hungary were announced. While the package has a number of tax increases to counter inflation, most taxes directly relevant to doing business, such as corporate tax and payroll taxes remain the same. Read on to see what’s new.
The post 2024 changes to taxes in Hungary appeared first on Helpers Finance.
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate is 13% of the tax base. Read on to get a quick summary of how it works.
The post Social contribution tax in Hungary: an overview appeared first on Helpers Finance.
While personal income tax in Hungary is 15% for everyone, various tax benefits may be applied to that based on age, marital status, and other circumstances. Get an overview of the most important tax benefits below so you will know when you or your employees can get more out of your gross salary.
The post Tax benefits in Hungary appeared first on Helpers Finance.
Are you planning to do business in Hungary? You have several options – you just need an idea for your operation, and find the business form that suits it best. Company formation or self-employment? VAT or no VAT? Which tax regime? Let’s give you a crash course.
The post Company setup or freelancing in Hungary? Learn the pros and cons of each appeared first on HELPERS.
Are you planning to do business in Hungary? You have several options – you just need an idea for your operation, and find the business form that suits it best. Company formation or self-employment? VAT or no VAT? Which tax regime? Let’s give you a crash course.
The post Company setup or freelancing in Hungary? Learn the pros and cons of each appeared first on Helpers Hungary.
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the Hungarian Tax Authority. The relevant form 2358 has just received an update to become more user-friendly.
The post Revamped form 2358 makes reporting easier for flat-rate taxpayers appeared first on Helpers Finance.