Starting from 2022, people under 25 do not pay personal income tax in Hungary. The new regulation aims at making the employment of young people more attractive to employers, while…
Author: Helpers Finance
KATA and flat-rate taxation in Hungary in 2022
Last updated on 21 December 2021. In Hungary, many favorable taxation options are available to small companies and entrepreneurs, depending on the size and type of their business. KATA and…
What can you do if your accountant disappears?
Sometimes it might happen that your accountant “disappears”: they will not answer messages and the phone, and will not continue to take care of your books anymore. Whatever the reason,…
How to carry over vacation days to the next year
In Hungary, employees are entitled to at least 20 vacation days each year. This is a paid leave, and it is the employer’s responsibility to ensure that their employees actually…
Social contribution tax decrease in Hungary
Alongside the next increase to the minimum wage just announced for 2022, social contribution tax will be decreased to even out the financial burden on employers. This way minimum wage…
Minimum wage in Hungary in 2022
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…