Social contribution tax is cut by 2% from 1 July.
There is a long term agreement between the government and the employers about the reduction of the social contribution tax at certain conditions. This tax is payable by the employers on the gross salaries. A few years ago, it was 27%, and then it was gradually cut every year. This strategy did not change during the Covid crisis. From July 2020, it is cut again by 2% to 15.5%. The employment has never been so cheap in Hungary.
Value added tax (VAT) is a tax that applies to most products and services bought and sold in the European Union (EU). While standard rules…
The Hungarian government has issued a new decree doubling the fines that the tax authority (NAV) can impose. The decree was introduced in reference to…
We receive more and more inquiries from foreign companies regarding the various possibilities of employment in Hungary. It is also common for a foreign worker…
