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.…
Tag: Employment
KATA alternatives for limited partnerships: TAO, KIVA, EKHO
While flat-rate taxation is a cost-effective alternative for self-employed KATA orphans from September, it is not available for limited partnerships. Instead, they may consider whether TAO, KIVA and/or EKHO are…
Taxes on student work in Hungary
Summer is here, which means a substantial number of students are entering the labor market for the next few months. Just as well, since various industry sectors are in need…
Tax returns in Hungary in 2022
The deadline for submitting the 2021 tax returns in Hungary is creeping closer: 20 May 2022. Don’t worry, it’s not much work: just review the prefilled version prepared by the…
How to carry over vacation days to the next year
In Hungary, employees are entitled to at least 20 vacation days each year. This is a paid leave, and it is the employer’s responsibility to ensure that their employees actually…
Minimum wage in Hungary in 2022
Last week the new minimum wages were announced. This affects not only employees earning minimum wage or receiving benefits that are calculated based on that, but also the employers who…