Category: Accounting and Finance

banking in Hungary

Banking in Hungary

Friday, 1 April, 2022

These days, banking is made simple through online platforms and mobile phone apps. But how exactly does money transfer work in Hungary? What is IBAN, SWIFT, and OBA?

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Salaries and payroll taxes in Hungary in 2022

Salaries and payroll taxes in 2022, Hungary

Thursday, 6 January, 2022

The minimum wage has been raised to HUF 200,000 gross, while the social contribution tax has been reduced to 13%. At the same time, personal income tax for persons younger than 25 has been abolished.

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Business gifts in Hungary

Business gifts in Hungary

Wednesday, 22 September, 2021

They say it is better to give than to receive. It is certainly nice to present your business partners with something nice, but what written and unwritten rules pertain to business gifts in Hungary? Let’s find out the basics.

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Changes to taxation in Hungary 2022

Changes to taxation in Hungary in 2021 and 2022

Monday, 2 August, 2021

Taxes in Hungary are adjusted every year, and the Parliament has recently decided about the next changes to taxation. Some of them will affect your business in Hungary – find out how!

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payroll taxes in 2021

Salaries and payroll taxes in 2021, Hungary

Monday, 1 February, 2021

As of 1 February 2021, the minimum wage is raised to gross HUF 167,400, and the guaranteed minimum salary to gross HUF 219,000. Learn how this affects your company costs.

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Business etiquette Hungary

Business etiquette for foreigners in Hungary

Monday, 28 September, 2020

If you want to build lasting and fruitful business relationships locally, you should get familiar with basic business etiquette in Hungary. Show your respect towards your partners by being well-dressed, punctual, and polite.

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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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