Paid time off or PTO is an integral part of labor law in Hungary. Workers need time off to rest, to heal, or to take care of emergencies without compromising…
Tag: Benefits
Tax benefit of labor market entrants reduced from August 2024
If you are in the middle of hiring a person like this, you should consider choosing a starting date still in July, so you can still take advantage of the…
Is the loan of the Széchenyi Card Program a good option for your small business?
The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option…
EKHO, the simplified tax for creative professions
EKHO is short for Simplified Tax and Contribution (“Egyszerűsített Közteherviselési Hozzájárulás”) in Hungary. It is a favorable tax regime aimed at creators in various fields intended to promote Hungarian culture.…
Changes to taxation in Hungary in 2022
We have already written about most changes to taxation in Hungary 2022 – most of which are tied to the ongoing pandemic and the government’s efforts to increase the purchase…
Personal income tax waived for those under 25 in Hungary
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…