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TAX FREE PETROL COST REIMBURSEMENT
THE TAX FREE AMOUNT OF COST REIMBURSEMENT WAS DOUBLED FROM JANUARY 2023 Employers can give this benefit to the employees who live in another city…
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…
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…
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…
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…
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%…
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…
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…
3 interesting data about the hungarian economy
We are experiencing a growing interest in investment opportunities in Hungary. Many European and overseas companies are planning to set up, expand, or even relocate…