Payroll – Blog | RSM Hungary

2023.01.20Payroll

Changes to the Labour Code effective as of 1 January 2023 and what employers should be aware of

The new provisions of the Act on the Labour Code (Labour Code) effective as of 1 January 2023 were published in the 21 December 2022 issue of the Hungarian Gazette, which turned out to be somewhat of a Christmas present for employers, payroll staff and labour lawyers in the form of administrative duties for the new year. Below we would like to summarise the most important changes to the Labour Code from the employers’ perspective.

Edina Pentz

2022.12.16Payroll

Minimum wage and guaranteed wage minimum in Hungary 2023

As from 1 January 2023, the amount of minimum wage is HUF 232,000 and the amount of the guaranteed wage minimum is HUF 296,400 in Hungary

Edina Pentz

2022.10.10Payroll

Digitisation and payroll? Nothing to be feared!

Repetitive tasks involved in monthly payroll processing are among the areas where digitisation is critical as it reduces errors and makes it easier to ensure legal compliance and precise timing. Both smaller and larger companies face ever-increasing requirements, and outsourced payroll can boost technology adoption or remotely perform the tasks associated with being a social security disbursement agency.

Edina Pentz

2021.11.16Payroll

Non-working days and moved working days in 2022 - Plan ahead!

Employer and employees will have to take two moved working days into account next year. The first long weekend will fall on 15 March in 2022 and we can plan with a total of five long weekends and three four-day weekend rest periods.

Edina Pentz

2021.09.13Payroll

Employment supervision audits to replace labour inspections in Hungary

This year brought a change in the area of labour inspections also. The role of labour authorities was taken over by employment supervision authorities from the beginning of March 2021 and, as a result, labour inspections were replaced by employment supervision audits. Instead of the former labour inspections, employers can now expect employment supervision audits.

Edina Pentz

2021.01.29Payroll

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.

Edina Pentz

2021.01.15Payroll

Payroll-related changes in Hungary, 2021

Every 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.

Edina Pentz

2020.10.15Consultancy Payroll

Non-working days and rescheduled working days of 2021 - here's how you should plan!

Next 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.

Edina Pentz

2020.07.02Payroll

New Social Security Act from 1 July 2020 in Hungary

The 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.

RSM Hungary

2020.03.23Coronavirus Payroll

Extraordinary steps to mitigate the economic damage caused by the coronavirus epidemic

The 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.

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