Summary 22 posts
The European Union (EU) is committed to closing the gender pay gap and promoting the principle of equal pay for equal work. The new Directive (EU) 2023/970 on wage transparency is part of this intention, to strengthen pay equality between men and women by focusing on pay transparency and enforcement mechanisms.
Read moreWe have summarized the changes that companies and employers need to be aware of from January 2024 regarding payroll accounting-related taxation - personal income tax, social contribution tax – health insurance, fringe benefits, and minimum wage.
Read moreThe amounts for the minimum wage and guaranteed minimum wage for 2024 have been determined and announced. For 2024, a 15% increase in the minimum wage and a 10% increase in the guaranteed minimum wage should be planned for employees working full-time. The increase in the minimum wage and the guaranteed minimum wage can take effect from December 1, 2023.
Read moreThe new provisions of the Act on the Labour Code (Labour Code) effective as of 1 January 2023 were published in the 21 December 2022 issue of the Hungarian Gazette, which turned out to be somewhat of a Christmas present for employers, payroll staff and labour lawyers in the form of administrative duties for the new year. Below we would like to summarise the most important changes to the Labour Code from the employers’ perspective.
Read moreAs from 1 January 2023, the amount of minimum wage is HUF 232,000 and the amount of the guaranteed wage minimum is HUF 296,400 in Hungary
Read moreRepetitive tasks involved in monthly payroll processing are among the areas where digitisation is critical as it reduces errors and makes it easier to ensure legal compliance and precise timing. Both smaller and larger companies face ever-increasing requirements, and outsourced payroll can boost technology adoption or remotely perform the tasks associated with being a social security disbursement agency.
Read moreEmployer and employees will have to take two moved working days into account next year. The first long weekend will fall on 15 March in 2022 and we can plan with a total of five long weekends and three four-day weekend rest periods.
Read moreThis year brought a change in the area of labour inspections also. The role of labour authorities was taken over by employment supervision authorities from the beginning of March 2021 and, as a result, labour inspections were replaced by employment supervision audits. Instead of the former labour inspections, employers can now expect employment supervision audits.
Read moreAs from 1 February 2021, the amount of minimum wage is HUF 167,400 and the amount of the guaranteed wage minimum is HUF 219,000 in Hungary.
Read moreEvery year begins with routine checks and an overview of changes, and the area of payroll is no exception. In January 2021, Hungarian companies and employers need to be aware of changes in payroll-related regulations, including personal income tax, social contribution tax and sick pay.
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