Salaries

Standard salaries in Hungary – How much should you pay your employees?

We will assist you from the first steps of recruitment to the last: we help you formulate the position, define a salary range based on standard salaries, post the advertisement, screen applicants, and even provide a basic employment contract.

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How to reduce payroll taxes in Hungary in 2019?

Employ disadvantaged workers and reduce the payroll taxes your Hungarian company pays to make your Hungarian operation more cost-effective.

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Salaries and Payroll Taxes in H2 2019, Hungary

As of 1 July 2019 the Employer’s payroll tax decreased from 21% to 19%. This is thanks to the decrease of the social contribution tax from 19.5% to 17.5%, as it is a major element of the payroll tax (the other is the vocational training contribution tax at 1.5%).

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Fringe benefits in Hungary – Cafeteria 2019

Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.

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Salaries and Payroll Taxes in 2019, Hungary

Hungarian payroll taxes and salaries were modified the end of December, but they are already valid for January. Following the same trend as last year, the minimum wage has been increased, while the employer’s payroll taxes remained the same.

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How does the Hungarian personal income tax change in 2018?

If your company has employees, your company deducts the personal income tax from their gross salaries (together with the social contributions). This way employees only get their net salaries, and you transfer their personal income tax to the Tax Authority.

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Salaries and Payroll Taxes in 2018, Hungary

In 2018 again, Hungarian payroll taxes and salaries have been modified to meet the new conditions of the changing world. Just like last year, the minimum wage has been increased, while the employer’s payroll taxes decreased.

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2018 changes to fringe benefits in Hungary

Offering fringe benefits can make your company a more attractive work place for professionals, while it also helps you cut costs on taxes and contributions. In light of the latest developments, you might want to change the cafeteria plan you offer to your employees.

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Fringe benefits in Hungary – Cafeteria 2018

Apart from salary, employees can receive a “non-salary compensation”. The various fringe benefits or cafeteria elements offer more favorable taxation options than regular salary – this is why many employers decide to offer cafeteria to their employees.

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Hungary on the European job market – Find affordable, quality workforce

Hungary has a special place on the European job market, because thanks to its top-quality universities and relatively low living costs it provides affordable, quality workforce to your new European company.

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