Summary 402 posts
In January 2025, numerous new and significant legislative changes will take effect, primarily impacting companies. Among these, the revision of the Standard Sectoral Classification of Economic Activities (TEÁOR) and the introduction of the electronic real estate registry stand out.
Read moreFind below the most important changes in accounting coming into force in Hungary in 2025, which companies should integrate into their accounting and auditing systems at the beginning of the year.
Read moreExperts at RSM have summarized the changes that companies and employers need to be aware of, effective in Hungary from January 2025, regarding payroll-related taxation—such as personal income tax, social contribution tax (szocho)—health insurance, fringe benefits, and minimum wage.
Read moreAs in previous years, several legislative amendments affecting taxation were introduced, some of which were enacted by Governmental Decree. The most significant tax changes were included in Act LV of 2024, titled \"On the Amendment of Certain Tax Laws,\" which was adopted on November 29, 2024.* In our blog we summarize the changes that companies need to look out for in their 2025 operations.
Read moreAs of 1 January 2025, the new legislation has introduced more stringent rules regarding which companies may serve as fiscal representatives for foreign businesses In Hungary. From this date, all fiscal representative companies must have a registered capital of at least HUF 150 million. Failure to comply with the capital increase requirement jeopardizes the fulfilment of tax obligations.
Read moreThe year 2025 introduces numerous changes in value added tax (VAT) regulations in Hungary. Below are the key amendments businesses should be aware of pertaining to VAT.
Read moreNext year, the SZÉP card will become even more attractive: The maximum benefit limit will be increased by HUF 120,000; a new sub-account (‘pocket’) will be added to support sports and an active lifestyle; and the card will also be digitised. In addition, 50% of the budget can be used for house renovation purposes. In our RSM blog, we have summarized the expected changes to the SZÉP card starting in 2025.
Read moreSignificant changes will take effect in Hungary\'s electronic administration system starting 16 January 2025: the current form of the Client Gate (Ügyfélkapu) will be discontinued. In the future, users will have two alternative solutions to choose from: the Client Gate+ (Ügyfélkapu+) and the DÁP (Digital Citizenship Program) mobile application, offering new options for online administration. Both individuals and businesses must consider in advance how they will authenticate themselves when accessing state-provided electronic services in the future — whether through the Client Gate+ or the DÁP.
Read moreThe amounts for the minimum wage and guaranteed minimum wage for 2025 have been published in Issue 127 of the Hungarian Gazette and officially announced. In 2025, employers should plan for a 9% increase in the minimum wage and a 7% increase in the guaranteed minimum wage for full-time employees. The wage increases will take effect from January 1, 2025.
Read moreStarting from the summer of 2025, employers must prepare for a new penalty that will affect procedures aimed at clarifying insured employment relationships. The new legislation aims to ensure compliance with employment and reporting obligations and increase the accuracy of reporting processes. The new rules provide for severe penalties depending on the seriousness of the offence.
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