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: Tax Benefits
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…
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…
Personal income tax waived for those under 25 in Hungary
Starting from 2022, people under 25 do not pay personal income tax in Hungary. The new regulation aims at making the employment of young people more attractive to employers, while…
Personal income tax refund for families in 2022
The personal income tax refund for families, first floated in June, has recently been finalized. Anyone raising children in Hungary can expect a refund on their personal income tax paid…