Determining tax residency is of key importance in deciding where to pay taxes after income. Normally, a country may levy a tax on income if the individual generating it has…
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Make it simple – Employ a temporary worker in Hungary
Last updated on 15 August 2023. Is your company in need of temporary workforce? Consider simplified employment, which is a simple and cost-effective solution for hiring temporary workers in Hungary.…
Reduce Payroll Taxes in Hungary
One way to make your Hungarian company operate in a more cost-effective way is to reduce payroll taxes. Authorities let you do this if you employ workforce who has difficulties…
Family tax benefit: the child benefit in Hungary relevant for salary calculation
In Hungary, there are many forms of child benefit. The two most important are the family allowance (“családi pótlék”) and the family tax benefit (“családi adókedvezmény”). The basis of both…
Checklist: how to hire a new employee in Hungary
Finding the perfect candidate for the position at your Hungarian company requires commitment, planning, and remembering all the administrative aspects. See our short checklist here, and a more detailed description…
Hungarian bank accounts for your Hungarian company
Opening a bank account is obligatory for all Hungarian companies. You have to comply within 8 days after company registration. This is a prerequisite of starting your business activity. We…