Personal Income Tax

Salaries and payroll taxes in 2024, 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 Hungary.

Salaries and payroll taxes in 2024, 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.

Changes to taxes in 2024 in Hungary relevant for HR

While major taxes do not change very often in Hungary, the system is tweaked every year. Read on to learn about changes to taxes most relevant to employees and HR, such as fringe benefits, the social contribution tax, and taxes on various types of gifts.

The post Changes to taxes in 2024 in Hungary relevant for HR appeared first on Helpers Finance.

Property sale in Hungary: How to sell your apartment as an expat?

To sell your Hungarian apartment, you will need a lawyer to create the contract between you and your buyer and to submit it to the land registry. You might also be required to pay a 15% personal income tax after the deal – however, this property sale tax might be reduced to zero in various cases.

The post Property sale in Hungary: How to sell your apartment as an expat? appeared first on Helpers Hungary.

Property sale in Hungary: How to sell your apartment as an expat?

To sell your Hungarian apartment, you will need a lawyer to create the contract between you and your buyer and to submit it to the land registry. You might also be required to pay a 15% personal income tax after the deal – however, this property sale tax might be reduced to zero in various cases.

The post Property sale in Hungary: How to sell your apartment as an expat? appeared first on HELPERS.

Tax benefits in Hungary

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.

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Company setup or freelancing in Hungary? Learn the pros and cons of each

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.

Company setup or freelancing in Hungary? Learn the pros and cons of each

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.

Tax returns in Hungary in 2023

Tax returns season has come in Hungary. If you are a tax resident, you will need to file your personal income tax report by 22 May. These days it is really simple: just takes a few clicks on the online platform of the Tax Authority.

The post Tax returns in Hungary in 2023 appeared first on Helpers Finance.

What are all those 1% billboards about?

Wherever you go in Hungary these days, you will see billboards asking for your 1%. But what do they mean? Well, they are asking you donate 1% of your personal income tax, which you can do now that the tax returns season is coming up. And how does that work?

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