Minimum wage and guaranteed wage minimum in Hungary 2021
As from 1 February 2021, the amount of minimum wage is HUF 167,400 and the amount of the guaranteed wage minimum is HUF 219,000 in Hungary.
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Summary 15 posts
As from 1 February 2021, the amount of minimum wage is HUF 167,400 and the amount of the guaranteed wage minimum is HUF 219,000 in Hungary.
Read moreEvery year begins with routine checks and an overview of changes, and the area of payroll is no exception. In January 2021, Hungarian companies and employers need to be aware of changes in payroll-related regulations, including personal income tax, social contribution tax and sick pay.
Read moreNext year, employers and employees we will only have to plan with one moved working day. The first long weekend of 2021 will fall on the start of the year, 5 rest days will be on weekends and, in addition, we will have six long weekends and a 4-day weekend in the coming year.
Read moreThe new Social Security Act shall enter into effect on 1 July 2020 in Hungary, modifying the scope of persons affected by social security, standardizing the contribution payment system, making changes in the group of persons pursuing supplementary activities, and introducing a lower limit of contribution payment as a new element.
Read moreThe extraordinary measures of today\'s decree also reduce the burden on employees and employers in the most affected sectors. A quick summary of details concerning payroll.
Read moreAs of 1 January 2020, the amount of minimum wage is HUF 161,000, and the amount of the guaranteed wage minimum is HUF 210,600 in Hungary.
Read moreAs from 1 January 2019, the amount of minimum wage is HUF 149,000, and the amount of the guaranteed wage minimum is HUF 195,000 in Hungary.
Read moreNext year, it is necessary to plan on three working days being shifted, a recently published Finance Ministry decree shows. Together with the long weekend at the beginning of the year and the extra long Christmas break, this means that a total of seven long weekends have to be reckoned on in 2019.
Read moreThe Decree of the Minister of National Economy on the work schedules around non-working days is in force from 1 January 2018 but has already been made public. The decree shows that we will have plenty of long weekends next year also but, unlike this year, a part of these will be compensated by moved working days.
Read moreIn this post, I will summarize for employers and employees the process of application for the social security identification (TAJ) number and the tax number, which are essential for the registration. The foreign employee may choose to obtain the documents himself, but will nonetheless need assistance from his employer regarding signatures and company data.
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