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.…
Tag: Payroll Taxes
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%.…
Summer is the season for temporary work – make sure to declare it
Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare…
2024 changes to taxes in Hungary
Last week the 2024 changes to taxes in Hungary were announced. While the package has a number of tax increases to counter inflation, most taxes directly relevant to doing business,…
Social contribution tax in Hungary: an overview
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate…
Tax benefits in Hungary
While personal income tax in Hungary is 15% for everyone, various tax benefits may be applied to that based on age, marital status, and other circumstances. Get an overview of…