Category: Accounting and Finance

Payroll taxes and contributions reduced in Hungary

Payroll taxes and contributions reduced in Hungary during the pandemic

Monday, 11 May, 2020

Part of the economic relief measures in Hungary due to the coronavirus pandemic, some payroll taxes are reduced to help retain employees and heighten job security. The structure of fringe benefits and healthcare contributions also changes.

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economic relief measures in Hungary 23 March

Further economic relief measures in Hungary

Monday, 23 March, 2020

Some further measures have just been announced to alleviate the burdens of a broader segment of the population, and counter the impact of the current COVID-19 pandemic on Hungarian economy.

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Economic relief measures 2020 covid-19 Hungary

Economic relief measures in Hungary during the COVID-19 pandemic

Friday, 20 March, 2020

The Hungarian government introduced the following economic relief measures to alleviate the burdens posed by the current COVID-19 pandemic, and make sure it is easier for everyone to get through these difficult times and pick up work once the situation clears up:

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Child Benefits in Hungary

Child benefits most relevant for employment in Hungary

Tuesday, 3 March, 2020

The family allowance is paid directly to the parents of eligible children. It is the basis of the family tax benefit, which reduces the amount of taxes on the gross salary of employees.

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Ügyfélkapu: Client Gate or electronic administration Hungary

The “Client Gate”: your gateway to Hungarian electronic administration

Friday, 21 February, 2020

Any individual can get access to the Client Gate: not only Hungarian citizens but also other nationals. You can get a user account at any local government office in Hungary.

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2020 changes in Hungary for SMEs

2020 changes to taxation relevant for your Hungarian SME

Wednesday, 22 January, 2020

Are you operating a company in Hungary? Then get ready for 2020, and learn about the changes to regulations that might be relevant to your operation, including VAT, KIVA, and the minimum wage.

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VAT rates at Hungary

VAT rates in Hungary

Wednesday, 22 January, 2020

In Hungary, the rate of VAT is usually 27%. There are some special product types where VAT rates are lower. Before you start trading in Hungary, make sure you know how much VAT you must pay to the tax authority in order to properly adjust your margins.

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Minimum wage and salaries in Hungary in 2020

Salaries and payroll taxes in 2020, Hungary

Tuesday, 14 January, 2020

2020 has just started, and the new regulation for Hungarian payroll taxes and salaries are in. The most significant change is the increase of the minimum wage.

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Reduce payroll taxes in Hungary in 2019

How to reduce payroll taxes in Hungary in 2019?

Monday, 9 September, 2019

Employ disadvantaged workers and reduce the payroll taxes your Hungarian company pays to make your Hungarian operation more cost-effective.

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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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