A. Update
Discount of HUF 433,700 per entitlement month will be allowed for employee under the age of 25 years. The last month in which he or she reached the age of 25, may be taken into account as the month of entitlement. The discount for young people under the age of 25 can be applied after the discount for mothers raising four or more children, but in the order before the personal discount, the first marriage discount and the family discount.
B. Statutory Compliance Release Date: December 31, 2021
C. Effective Date: January 01, 2022
A. Update
As per the income tax Act, disability allowance is to be 1/3rd of the minimum wage and since gross minimum wage has been increased to 200,000 Hungarian forints (HUF) from 160,000 HUF hence the amount of disability allowance for the year 2022 will be 666,67 HUF per month
B. Statutory Compliance Release Date: November 04, 2021
C. Effective Date: January 01,2022
A. Update
Vocation Training Contribution of 1,5% paid by employer will be eliminated from the year 2022.
B. Statutory Compliance Release Date: November 13, 2021
C. Effective Date: January 01, 2022
A. Update
The social security contribution tax paid by employer will be reduced by 2,5% from 15,5% to 13%.
B. Statutory Compliance Release Date: November 13, 2021
C. Effective Date: January 01, 2022
A. Update
The gross minimum wage will be increased from 160 000 Hungarian forints to 200 000 Hungarian forints, and the gross guaranteed minimum wage will be increased from 219 000 forints to 260 000 forints in 2022.
