Category: Accounting and Finance

salaries and payroll taxes 2019 H2

Salaries and Payroll Taxes in H2 2019, Hungary

Tuesday, 30 July, 2019

As of 1 July 2019 the Employer’s payroll tax decreased from 21% to 19%. This is thanks to the decrease of the social contribution tax from 19.5% to 17.5%, as it is a major element of the payroll tax (the other is the vocational training contribution tax at 1.5%).

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Tax resident in Europe

Being a tax resident in Hungary vs. taking dividend in Hungary

Thursday, 7 March, 2019

If you own a Hungarian company, you have to pay certain taxes and contributions after the dividend you take based on whether or not you are a tax resident in Hungary.

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Taxes on Dividend in the EU

Taxes on dividend and dividend advance payments in Hungary

Thursday, 7 March, 2019

Calculating the taxes on dividend and dividend advance is a complex task, so make sure to ask your accountant or payroll specialist to advise you on your specific case before you take dividend from your Hungarian company.

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Company travel expenses Hungary

Travel expenses of a managing director in a Hungarian company

Monday, 25 February, 2019

In general, the costs related to a business trip are accepted as business costs in Hungary, and as such are deductible from the corporate tax. Some expenses, however, are subject to the so called “representation tax”.

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Dividend Tax in Hungary 2019

Changes to the dividend tax in Hungary 2019

Wednesday, 13 February, 2019

Company owners are allowed to take dividend from the profit of the company. From 2019 January, regulations on dividend tax change: instead of the health contribution, a social contribution tax is to be paid to the tax authority.

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Cafeteria in Hungary 2019

Fringe benefits in Hungary – Cafeteria 2019

Monday, 21 January, 2019

Some fringe benefits used to have a tax rate of 40.71% until the end of 2018. Starting from 2019, both the employer and the employee pays the regular payroll and income taxes on them.

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Minimum wage and Payroll taxes in Hungary 2019

Salaries and Payroll Taxes in 2019, Hungary

Monday, 7 January, 2019

Hungarian payroll taxes and salaries were modified the end of December, but they are already valid for January. Following the same trend as last year, the minimum wage has been increased, while the employer’s payroll taxes remained the same.

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Terminating employment in Hungary

Checklist for terminating employment in Hungary

Wednesday, 23 May, 2018

If you operate a company, sooner or later you will need employees. We have already wrote about what to keep in mind when making a new hire – now let’s see the various scenarios for terminating employment.

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Currency for your Hungarian company

Why to have a bank account for each currency you do trade in?

Thursday, 12 April, 2018

If you have a Hungarian company, you probably have at least two or three bank accounts. But why exactly do you need them? Company bank accounts defined by currency The most important feature of a bank account is its currency. Nothing is simpler than re

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Set up company bank accounts in Hungary

How many company bank accounts do I need in Hungary?

Monday, 12 February, 2018

Depending on the nature of their business, we usually suggest that our clients open 2 or 3 bank accounts for their Hungarian companies at a local bank: HUF, EUR, and USD, different currencies for partners from different markets.

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