When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to…
Category: Accountancy
Exemption form work in Hungary
Labor law in Hungary is quite strict about how much time employees must be allowed to rest. They have at least 20 days of paid leave each year, and the…
US-Hungarian double taxation treaty canceled – what to watch out for?
The agreement remained in force until 31 December 2023, but now it is not applicable anymore. In response, Hungary has introduced some changes to tax regulations to mitigate the impact.
Disability benefit for the personal income tax in Hungary
To support people who live with severe health conditions, Hungary offers them a special type of personal income tax benefit. The disability benefit reduces the personal income tax one has…
2024 tax changes affecting businesses in Hungary
A new year has started, and again tax regulations are updated and clarified in Hungary. There are no major tax changes this year, but make sure to read our overview…
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,…