Компания HELPERS является ведущим агентством в Венгрии по предоставлению услуг в сфере бизнеса и иммиграции.

Further economic relief measures in Hungary

23 марта, 2020

Updated on 25 March 2020

After the economic relief measures introduced as of 18 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.

The new measures mostly concern tax releases and moratoria. Details were clarified in a decree published later the same day, the main elements of which were as follows:

  • After taxi-drivers, self-employed small taxpayers (in the KATA construction) in further sectors will not be required to pay their contributions for March through June. The sectors involved are mostly in the service industry, and about 80,000 people are concerned in hospitality, entertainment, and producing audiovisual and written media.
  • For tax arrears in the KATA construction generated before 1 March, collection is suspended during the emergency.
  • Forced collection of tax arrears will be suspended during the emergency.
  • Evictions and seizure of goods is suspended during the emergency.
  • Just like in the hospitality industry, audiovisual media service providers will be exempt from paying certain taxes and contributions, to be clarified later.
  • Maternity leaves (GYES and GYED) expiring during the emergency are automatically extended until the end of the emergency.

Are you affected? Then consult your accountant, and let us check if any of these measures should be implemented in your accountancy. Take advantage of the economic relief measures the Hungarian government provides.

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Payroll taxes and contributions reduced in Hungary
Payroll taxes and contributions reduced in Hungary during the pandemic

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.

Economic relief measures 2020 covid-19 Hungary
Economic relief measures in Hungary during the COVID-19 pandemic

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: