Comprehensive Employment and Tax Guide Hungary
General Overview
- Currency: Hungarian Forint (HUF)
- Languages: Daily and business communication in Hungarian.
- Public Holidays: Total of 10 days national public holidays.
- Capital: Budapest
- Fiscal Year: Running from Jan 1 to Dec 31.
- Minimum Hourly Wage: Not established, varies by sector.
Tax Essentials
- Income Tax Range: From 15% (flat rate).
- Other Taxes: VAT 27%, Corporate tax 9%.
Social Security Contributions
- Employer Charges: From Approx. 17%.
- Employee Charges: From Approx. 18.5%.
Employment Contracts & Conditions
- Contract Types: Permanent, Fixed-term.
- Trial Periods: Up to 3 months.
- Paid Holiday: 20 days annually.
- Salary Payment Frequencies: Monthly.
- Termination Notice: Notice period varies, typically 30-90 days.
Legal Benefits for Employees
- Medical Coverage: State (basic healthcare included).
- Common Non-Compulsory Benefits: Meal vouchers, additional holiday.
Hiring Non-Resident/Non-European Workers
- Visa & Work Permits Obligation: Yes, for non-EU/EEA citizens.
- High-Skilled Worker Permits: EU Blue Card; similar requirements to Germany.
- Visa & Work Permits Timelines: Up to 3 months.
The information provided on these countries serves as a general guideline and may
require verification and updates from legal sources or official websites.
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