Retirement age in Hungary is 65 years, after which everyone can receive pension from the state. However, people are allowed to work even if they pass that age. In fact,…
Tag: Payroll Taxes
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…
Am I obligated to pay for my employee’s commute expenses?
When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible…
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.…