Despite recent rumors, Revolut is not moving out of Hungary. However, Revolut’s Hungarian HUF bank account is being cancelled as of 1 April 2022, which is most relevant for employers…
Tag: Salaries
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…
Minimum wage in Hungary in 2022
Last updated on 14 November 2021. Last week the new minimum wages were announced. This affects not only employees earning minimum wage or receiving benefits that are calculated based on…
Worldwide inflation due to the pandemic expected to decrease in 2022
The ongoing coronavirus pandemic has had dire effects on world economy, creating bottlenecks in supply chains, rearranging the labor market, and increasing inflation, with the effects expected to be felt…
Minimum wage in Hungary increases
The recent changes to regulations have increased the minimum wage in Hungary by 4%. The guaranteed minimum salary, another type of minimum pay, has also grown by the same amount.…