Summary 26 posts
Experts 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 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 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 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 moreThe 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.
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