September 21, 2022

What You Need To Know About The Employment Contract

An increasing number of workers are employed by foreign employers in Hungary. In this regard, it is also worth drawing attention to the basic contractual…

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April 2, 2022

International Payroll – Successfully operating globally with minimal reputational risk

Money is a sensitive matter and managing employee salaries should always be handled with the utmost care, confidence, and punctuality. When expanding your business, international…

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March 2, 2022

Our thoughts are with everyone affected by the events taking place in Ukraine.

Our thoughts are with everyone affected by the events taking place in Ukraine. 🇺🇦 We denounce the war in Ukraine started by the Russian government…

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February 22, 2022

5 Important Aspects to Consider When Going Global with Your Business

Over 25 years of experience has brought us hundreds of clients along the way wanting to expand their businesses abroad. Being good or maybe even…

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January 26, 2022

Minimum Wages In 2022

In 2022, the minimum wage rose again. Official minimum wages play an important role in Hungary. Although relatively few workers actually receive this wage, many…

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January 21, 2022

Changes In Additional Capital Payment

In 2022, several minor, positive amendments were made to the companies section of the Civil Code. These also affect companies’ additional capital payments. As an…

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January 19, 2022

Tax Cuts On Payroll 2022

Another significant tax cut took effect in Hungary from January 2022. Employers’ wage costs continue to fall. The rate of social contribution tax is 13%…

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January 18, 2022

Baltic tax rates from 1 January 2022

  Estonia Latvia Lithuania Corporate income tax (CIT) rate CIT is payable upon profit distributions (the deemed profit distribution). The CIT rate is 20%, calculated…

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January 13, 2022

Special Work Schedule in 2022

There is a unique tradition in Hungary related to public holidays that is ususally strange for most of the foreigners. However, it must be adhered…

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