While the family tax benefit is being increased from July, eligibility for the tax benefit of mothers of four or more is narrowed down. As a result, payroll specialists need…
Tag: Benefits
Who pays social security cash benefits to your employees?
Under specific circumstances, your employees are entitled to receive cash benefits from the social security system. Social security allowances are usually paid directly by the Treasury, but in some cases,…
Tax brackets in Hungary
Hungary does not have a progressive tax system, so it doesn’t really have tax brackets. However, it offers various tax benefits and preferential tax regimes that are available under certain…
Paid time off or PTO in Hungary
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…
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…