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: HR
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…
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…
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,…
Salaries and payroll taxes in 2024, Hungary
Like every year, minimum wages have recently been adjusted to offset the impact of inflation. The minimum wage was increased by ca. 15%, and the guaranteed minimum salary by ca.…
Minimum wage in Hungary in 2024
The Hungarian government has announced the minimum wage and the guaranteed minimum salary for 2024. The gross minimum wage will increase by 15%, and the guaranteed minimum salary by 10%.…