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% instead of 15.5%.
- The 1.5% vocational training contribution paid by domestic companies has been abolished.
- Those who pay the Small Business Tax (KIVA) instead of the above have reduced their burden from 11% to 10%.
The burden of wages has fallen dramatically in recent years, leaving room for improved employment and rising wages.
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