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 moreAs in previous years, several legislative amendments affecting taxation were introduced, some of which were enacted by Governmental Decree. The most significant tax changes were included in Act LV of 2024, titled \"On the Amendment of Certain Tax Laws,\" which was adopted on November 29, 2024.* In our blog we summarize the changes that companies need to look out for in their 2025 operations.
Read moreAs of 1 January 2025, the new legislation has introduced more stringent rules regarding which companies may serve as fiscal representatives for foreign businesses In Hungary. From this date, all fiscal representative companies must have a registered capital of at least HUF 150 million. Failure to comply with the capital increase requirement jeopardizes the fulfilment of tax obligations.
Read moreThe year 2025 introduces numerous changes in value added tax (VAT) regulations in Hungary. Below are the key amendments businesses should be aware of pertaining to VAT.
Read moreOn the basis of our team of experts' complex tax, VAT, IT and legal expertise and experience
we are able to provide an effective advisory to our clients to fulfil real-time invoice reporting obligations.
