The 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.
Read moreThe Hungarian tax authority is constantly improving its control methods to ensure transparency and compliance of economic operators, and the data reconciliation procedure is a new step in this direction. The main purpose of the data reconciliation procedure is that the HUTA regularly compares the data from the real-time invoice reporting system with the information on the VAT returns submitted by companies.
Read moreAs part of the transfer pricing related tasks, the obligation to file a country-by-country report (CbCR) and notification to the tax authority must be fulfilled by 31 December 2024 for fiscal years corresponding to the calendar year.
Read moreOn the basis of our team of experts' complex tax, VAT, IT and legal expertise and experience
we are able to provide an effective advisory to our clients to fulfil real-time invoice reporting obligations.
