News in Brief
Hungary reveals 2018 budget plans
Hungary's 2018 budget would contain a two percentage point cut in the payroll tax, a one percentage point reduction in the tax on small businesses, a decrease in the VAT...
Payroll tax
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News in Brief
Hungary reduces payroll tax to 22 percent in 2017
The law was passed with 146 in favor, 7 against and 27 abstentions for the payroll tax to be cut to 22 percent in 2017, and to 20 percent from...
News in Brief
Hungary takes measures to reinforce and stabilize economy
Hungary has been growing stronger, the country’s macro-economic indicators have improved significantly in recent years and the country’s economic stability warrants large-scale plans
News in Brief
Hungary to raise minimum wage and cut payroll taxes
Hungary's minimum wage will increase by 15 percent in 2017 and another 8 percent in 2018. The payroll tax paid by employers will be cut by 5 and 2 percentage...
News in Brief
Hungary plans to cut payroll taxes
The tax cuts should make Hungary's job market more competitive and bring the country in line with other European nations