Office News

Personal income tax is the tax on an individual’s income; in Hungary it is a flat 15%. It is deducted from the salary and paid over by the employer. Certain

The social security contribution is the charge deducted from the employee, which funds pension, health insurance and labour market benefits. It is deducted from the gross salary, and it is

The social contribution tax is the charge borne by the employer, payable on the employee’s gross salary. It is not deducted from the employee: the employer pays it on top

The attendance record is the record of working time: it documents when and how much the employee worked. It is the basis of the payroll and of employment law compliance,

The monthly return known as the 08 return (in a given year, the form marked with the year and 08″) is the monthly

The personal income tax return is the individual’s annual income tax settlement. In Hungary the tax authority prepares a draft return from the data available to it, which the individual

The employer has to register the employee with the tax authority before work begins, and to deregister them when the employment ends. This registration is what establishes the employee’s insured

The cafeteria is the system of benefits given on top of salary, from which the employee can choose. Some elements (such as the SZÉP card) are taxed favourably, which makes

The SZÉP card is the most common fringe benefit: a card loaded by the employer and usable for defined purposes (catering, leisure, accommodation), which is taxed favourably. Its annual limit

A social security benefit paying agency is an employer that determines and pays out the cash health insurance benefits (sick pay, maternity benefit, child care fee) to its own employees,