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: Salaries
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…
What is happening to the Hungarian HUF bank accounts of Revolut?
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…
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…