Make it simple – Employ a temporary worker in Hungary - Helpers Finance
With simplified employment, you can hire a temporary worker for specific tasks and a limited time, with favorable conditions.| Helpers Finance
With simplified employment, you can hire a temporary worker for specific tasks and a limited time, with favorable conditions.| Helpers Finance
Learn about the main differences between creating invoices and receipts in Hungary and decide which make more sense for your Hungarian business.| Helpers Finance
In July 2025, the family tax benefit increases in Hungary, while the scope of NÉTAK is narrowed to exclude older women from personal income tax exemption.| Helpers Finance
Regulations to the VAT exemption and customs duty to non-EU purchases of small value change from 1 July 2021. The IOSS system helps manage the VAT payable.| Helpers Finance
Are you doing e-commerce? Prepare for the IOSS scheme for taxing non-EU purchases before the new VAT regulations come into force in July.| Helpers Finance
Under specific circumstances, your employees are entitled to receive cash benefits from the social security system. Social security allowances are usually paid directly by the Treasury, but in some cases, the employer can become a paying agent for them. The post Who pays social security cash benefits to your employees? appeared first on Helpers Finance.| Helpers Finance
Starting from fall 2025, small and medium-sized businesses that operate outside of Budapest will become eligible for a no-interest loan they can use to modernize their energy infrastructure. If the plan is accepted, almost HUF 40 billion will be distributed in the framework of the Ányos Jedlik Energy Program. The post No-interest loan to support modernization at small businesses in the countryside appeared first on Helpers Finance.| Helpers Finance
The new 3% loan scheme of the Otthon Start Program offers easy residential real estate loan to first-time property buyers in Hungary.| Helpers Finance
Which forms of business are available for your Hungarian company? To find out, you must consider setup time, taxation and the owner’s liability.| Helpers Finance
Helpers Finance offers accountancy and reporting services to small and medium-sized foreign-owned companies in Hungary. Find it all in one place with us.| Helpers Finance
Determining tax residency is of key importance in deciding where to pay taxes after income. Avoid double taxation and let us help you plan your activities.| Helpers Finance
What is the difference between e-invoices, PDF invoices and paper invoices? Which is the best for your business? And what regulations apply to which?| Helpers Finance
As of July 1, 2025, cash payment is becoming a constitutional right in Hungary. This means that apart from specific cases, Hungarian businesses are required to make it possible for their customers to pay with cash if that is their preferred method. Read on to learn if this will affect your operation. The post Cash payment is now a constitutional right in Hungary appeared first on Helpers Finance.| Helpers Finance
From July 2025, electricity and natural gas providers in Hungary can send only electronic invoices to their B2B clients. Learn how to store them properly.| Helpers Finance
In Hungary, employees can have 20 vacation days each year. These paid leaves should be used up in the given year, but some can be carried over to the next.| Helpers Finance
We provide accountancy and financial services specialized in foreign-owned companies including bookkeeping, payroll, controlling in Hungary.| Helpers Finance
The price margin cap on groceries introduced in the middle of March in Hungary were able to slow down inflation, but only for a short time.| Helpers Finance
All the administration for hiring and having employees in Hungary, from labor contract to payroll, fringe benefits and termination of contract.| Helpers Finance
To reduce the gender pay gap in the EU, a new payment transparency directive is on its way, which should be implemented in all member states by June 2026. In turn, employers will need to implement various measures to increase transparency, while the new rules will improve employees’ position in bargaining for better salaries. The post New payment transparency rules coming in 2026 appeared first on Helpers Finance.| Helpers Finance
After the March introduction of a 10% price margin cap on various basic groceries, now a 15% price margin cap has been introduced for various household products. The new rule is expected to remain in place until the end of August. The post Price margin cap extended to household products appeared first on Helpers Finance.| Helpers Finance
Recent trends and current developments in global trade may lead to USD devaluation, which would affect foreign exchange rates in the EU and Hungary.| Helpers Finance
If you are a tax resident in Hungary, you have until May 20, 2025 to submit your tax returns for the year 2024. If you have an Ügyfélkapu or DÁP access, this will take only a few minutes, as the whole procedure is online. The post Tax returns in Hungary in 2025 appeared first on Helpers Finance.| Helpers Finance
OUR SERVICES We are passionate about developing long-lasting relationships with our clients. We focus on small and medium sized enterprizes (SMEs), and aim to add value to your business by patiently understanding your business environment and objectives through proactive communication. As your accountant and financial advisor, we will take a keen interest in helping you …| Helpers Finance
Do you deal with goods in the EU? The OSS helps you declare and pay VAT, but you will need to mind VAT rates. Let’s see how you can make the most of it!| Helpers Finance
As the proportion of online purchases is steadily growing in Hungarian retail, it makes sense for businesses to make their products available online.| Helpers Finance
Local business tax is often called IPA or HIPA in Hungary. But what is it? How much of it do you need to pay? Do all enterprises need to pay it?| Helpers Finance
When you make your first hire at your Hungarian company, you will need an employment contract to formalize the agreement between you and your employee. Here you can find a quick guide about what to include, as well as some practical advice. The post How to make an employment contract in Hungary appeared first on Helpers Finance.| Helpers Finance
While your accountant can calculate the business taxes you need to pay, it is you who will need to pay each tax to the Tax Authority by its due date.| Helpers Finance
The HUF/EUR exchange rate has been through a ride over 2024, but since January, EUR is back under HUF 400. USD is also back under HUF 370 since early March. How is this happening? Read on to find out. The post HUF exchange rates in Q1 2025 appeared first on Helpers Finance.| Helpers Finance
The Hungarian government combats inflation by introducing a price margin cap on basic groceries. See the list of groceries and the additional rules.| Helpers Finance
After difficulties in 2023 and 2024, Hungarian GDP is again on the rise. The volume of gross domestic product was 0.5% higher in Q4 2024 than in Q3 2024, and 0.4% higher than in Q4 2023. The increase might seem small, but it indicates a turn after a lengthy period of challenges. The post Hungarian GDP starts growing again in Q4 2024 appeared first on Helpers Finance.| Helpers Finance
According to the latest surveys, cash remains a strong element of Hungarian economy, while digital payment methods are slowly gaining ground. The post Cash and digital payment in Hungary appeared first on Helpers Finance.| Helpers Finance
While corporate tax in Hungary is the lowest in the EU at 9%, there is another profit tax business owners must keep in mind: the 2% local business tax.| Helpers Finance
You can use your personal money to provide the share capital of your Hungarian company. Once that is done, however, your own money and the company’s money are separate, and you cannot make transfers freely or without proper documentation. The post Can I put my own money in my Hungarian company? appeared first on Helpers Finance.| Helpers Finance
In Hungary it makes more sense to talk about revenue caps for preferential tax regimes than about tax brackets. See what that means for your business.| Helpers Finance
Is your Hungarian company a small business that sells mostly services? Then KIVA, the tax for small businesses may be the ideal tax regime for you.| Helpers Finance
This is good news for multinational companies operating in Hungary, as both their tax and administrative burdens lighten. The post Global minimum tax 2025: Hungary is a Safe Harbour appeared first on Helpers Finance.| Helpers Finance
As of January 1, 2025, the revenue cap for VAT exemption is increased to HUF 18 million in Hungary. Learn how this affects your business operation.| Helpers Finance
Whenever there is a change to the basic data of your Hungarian company, you should request a company modification. These basic data include the following...| Helpers Finance
FEOR in Hungary is the standard classification of occupations. You will need it when you report a new hire to the Tax Authority, and it is used to make statistics about how the population is employed. The post What is FEOR in Hungary? appeared first on Helpers Finance.| Helpers Finance
With the 2025 NACE update, the economic activities at your Hungarian company must be updated. It might be automatic; consult your accountant to make sure.| Helpers Finance
The Hungarian minimum wage and guaranteed minimum salary are increased again as of 1 January 2025. Learn how it affects your Hungarian business.| Helpers Finance
For calculating salaries in Hungary, the family tax benefit is the child benefit that matters most. Learn if you are eligible and how you can calculate it.| Helpers Finance
The Hungarian Parliament has recently accepted the law governing taxes in Hungary in 2025. In our second article on changes being introduced next year, you can discover the 2025 tax changes most relevant to your Hungarian business operation. The post Tax changes relevant to your Hungarian company in 2025 appeared first on Helpers Finance.| Helpers Finance
Discover the 2025 changes most relevant to HR and payroll, how to calculate taxes, and what benefits you can offer to employees at your Hungarian company.| Helpers Finance
The Hungarian government budget for 2025 contains predictions regarding GDP, inflation, and wages as well as intended tax reductions. Learn more here.| Helpers Finance
With the mandatory introduction of two-factor authentication in governmental administration, accountants are facing a new challenge come 2025. Read on to learn how 2FA for the Client Gate can cause issues in accounting. The post 2FA for the Client Gate interferes with accounting in Hungary appeared first on Helpers Finance.| Helpers Finance
Workers need time off to rest, to heal, or to take care of emergencies without compromising their livelihood. Paid time off or PTO lets them do that.| Helpers Finance
To counter the negative effects of the import of heavily subsidized Chinese electric vehicles, the EU is introducing punitive levies from November 2024. The post EU to introduce extra import taxes on Chinese electric vehicles appeared first on Helpers Finance.| Helpers Finance
Because of the Christmas holidays, two working Saturdays are coming up in December. It is not too early to start planning: make sure you have a plan for opening and closing times for your business. The post Working Saturdays in Hungary in 2024 appeared first on Helpers Finance.| Helpers Finance
Qvik payment is free of transaction fee, which can significantly reduce the costs of sellers, while it offers the convenience of paying with a bank card.| Helpers Finance
Ask for a Quote HOW TO FIND US If you have any questions, just fill in the contact form, and we will answer you shortly. Helpers Finance Kft.| Helpers Finance
Retirement age in Hungary is 65 years, after which everyone can receive pension from the state. However, people are allowed to work even if they pass that age. In fact, employing pensioners is encouraged by various tax benefits. The post Why to employ pensioners at your Hungarian company? appeared first on Helpers Finance.| Helpers Finance
Fall and the new school year is on us. This is the season for new rentals and rental renewals, so we prepared a quick summary about rentals, taxes, and VAT on rentals in Hungary. Taxes depend on who is renting out the property As a rule of thumb, the taxes you pay depend on the … The post VAT and other taxes on rentals in Hungary appeared first on Helpers Finance.| Helpers Finance
If you are in the middle of hiring a person like this, you should consider choosing a starting date still in July, so you can still take advantage of the tax benefit of labor market entrants while it is available. The post Tax benefit of labor market entrants reduced from August 2024 appeared first on Helpers Finance.| Helpers Finance
Most Hungarian small and medium sized companies do not need an auditor. However, when they grow to a certain size, they will be required by law to hire an auditor to make sure all their books are in order. The post When will your Hungarian company need to hire an auditor? appeared first on Helpers Finance.| Helpers Finance
ONYA is the online portal for reporting your Hungarian income and other information relevant to your taxes. While it is available only in Hungarian, it might make your life easier if you are trying to navigate Hungarian taxation on your own. The post ONYA user guide – how can ONYA help with your taxes in Hungary? appeared first on Helpers Finance.| Helpers Finance
Do you want to have access to your tax related information on the go? Then the official mobile app of NAV, the Hungarian Tax Authority is for you. For now, the app NAV-Mobil is available only in Hungarian, but it might still be a valuable tool for you. The post NAV-Mobil – the official app of the Hungarian Tax Authority appeared first on Helpers Finance.| Helpers Finance
When it comes to Hungarian labor rights, commuting means that an employee lives in a settlement different from where their workplace is located. When that happens, the employee is eligible for the reimbursement of their commute expenses. The post Am I obligated to pay for my employee’s commute expenses? appeared first on Helpers Finance.| Helpers Finance
Are running a business in Hungary? Then you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, normally you must submit a report every year. The post Local business tax: report HIPA for 2023 on the 23HIPAK form by 31 May appeared first on Helpers Finance.| Helpers Finance
When you operate a Hungarian company, planning your budget should include planning for payroll costs. Depending on your business model, you might need to apply wage supplements from time to time, so it is worth getting familiar with them. The post Wage supplements and overtime in Hungary appeared first on Helpers Finance.| Helpers Finance
CSOK Plus, the 2024 edition of the Hungarian family housing allowance and prenatal loan program is giving a new boost to the local real estate market. Read on for a summary on the program and its latest impact. The post CSOK Plus and the Hungarian real estate market in 2024 appeared first on Helpers Finance.| Helpers Finance
The next few weeks will be quite eventful regarding forming expectations about Hungarian economy in 2024. Key personalities are giving speeches at current events, and statistical data is also expected soon. The post Forecast coming up about Hungarian economy in 2024 appeared first on Helpers Finance.| Helpers Finance
Hungarian employees have at least 20 days of paid leave each year, and the law also defines reasons for exemption from work, when they still gets paid.| Helpers Finance
The agreement remained in force until 31 December 2023, but now it is not applicable anymore. In response, Hungary has introduced some changes to tax regulations to mitigate the impact. The post US-Hungarian double taxation treaty canceled – what to watch out for? appeared first on Helpers Finance.| Helpers Finance
To support people who live with severe health conditions, Hungary offers them a special type of personal income tax benefit. The disability benefit reduces the personal income tax one has to pay, increasing the net salary of employees. The post Disability benefit for the personal income tax in Hungary appeared first on Helpers Finance.| Helpers Finance
A new year has started, and again tax regulations are updated and clarified in Hungary. There are no major tax changes this year, but make sure to read our overview and ask your accountant if there is anything you should pay special attention to this year. The post 2024 tax changes affecting businesses in Hungary appeared first on Helpers Finance.| Helpers Finance
While major taxes do not change very often in Hungary, the system is tweaked every year. Read on to learn about changes to taxes most relevant to employees and HR, such as fringe benefits, the social contribution tax, and taxes on various types of gifts. The post Changes to taxes in 2024 in Hungary relevant for HR appeared first on Helpers Finance.| Helpers Finance
Like every year, minimum wages have recently been adjusted to offset the impact of inflation. The minimum wage was increased by ca. 15%, and the guaranteed minimum salary by ca. 10%. There have been no changes to payroll taxes in 2024. At the same time, there are some new features for the SZÉP Card. The post Salaries and payroll taxes in 2024, Hungary appeared first on Helpers Finance.| Helpers Finance
The Hungarian government has announced the minimum wage and the guaranteed minimum salary for 2024. The gross minimum wage will increase by 15%, and the guaranteed minimum salary by 10%. The increase is implemented early, as of 1 December 2023. The post Minimum wage in Hungary in 2024 appeared first on Helpers Finance.| Helpers Finance
The application of preferred shares at a Hungarian company can obscure the ultimate beneficial owner of the business. This can protect their privacy, but it decreases transparency and might attract the scrutiny of the authorities. The post Preferred shares at your Hungarian company appeared first on Helpers Finance.| Helpers Finance
In Hungary, most highways are toll roads, meaning you need to pay a toll while driving them. That is done easiest by buying a toll sticker for the vehicle, which can function as a weekly, monthly, or yearly turnpike pass for your company car. The post Toll stickers for your Hungarian company car appeared first on Helpers Finance.| Helpers Finance
Starting from the middle of November 2023, wine products sold by vineyards will be exempt from representation tax in Hungary. The decision is expected to give a boost to the wine sector at the end of the year. The post Wine products no longer subject to representation tax in Hungary appeared first on Helpers Finance.| Helpers Finance
As part of the electronic administration in Hungary, personal pension tax records are available for review online. With your Ügyfélkapu access, you can log in to the database of the Treasury, and see if everything is fine. Read on to learn how that works. The post Hungarian pension tax records accessible online appeared first on Helpers Finance.| Helpers Finance
The number of yearly tax inspections conducted by the Hungarian Tax Authority has been steadily increasing over the past few years. The most popular tax inspected continues to be VAT, since it is a major contributor to the national budget. If your company operation is compliant with regulations, you have nothing to worry about. The post Hungarian Tax Authority conducts more tax inspections appeared first on Helpers Finance.| Helpers Finance
You are required to present the ownership structure of your newly created Hungarian company when you are registering it for various services. This is easiest done in the form of a chart that starts with your Hungarian company and ends in the ultimate beneficial owners. The post How to present the ownership structure of your Hungarian company? appeared first on Helpers Finance.| Helpers Finance
Money left on a regular bank account pays hardly any interests, while making investments through a securities account can even increase their value, especially in a high inflation environment like that of Hungary these days. The post What are the advantages of opening a securities account? appeared first on Helpers Finance.| Helpers Finance
Whether it is because of increased turnover or employees taking their holidays, your business might be in need of temporary workers. You have various options, just make sure to declare the employment correctly to avoid fines. The post Summer is the season for temporary work – make sure to declare it appeared first on Helpers Finance.| Helpers Finance
CSOK, the Hungarian family housing allowance was created to support families in finding a home. Young married couples who pledge to have children are eligible for a non-refundable allowance and favorable interest rates for property purchase. Now it seems the conditions for eligibility will be severely reduced starting from 2024. The post Apply for the Hungarian family housing allowance before it is reduced appeared first on Helpers Finance.| Helpers Finance
When you have income from interests, normally you pay personal income tax and social security contribution on those. However, if you invest in Hungarian government securities, you may not be required to pay either of those. The post Tax benefits for government securities in Hungary appeared first on Helpers Finance.| Helpers Finance
Based on data from 2022 and H1 2023, analysts expect yearly inflation in Hungary to be reduced below 10% by December. Even in the worst case scenario, the yearly average inflation in 2023 will not be higher than 19%. The post Expected yearly average inflation in Hungary in 2023 appeared first on Helpers Finance.| Helpers Finance
The Hungarian Tax Authority is now sending notices to businesses if the payments they made for 2022 do not match the amount they were supposed to pay, whether they are in arrears or in overpayment. If you are not sure, you can also always check your balance online. The post Tax payment notices urging businesses to clear their debts appeared first on Helpers Finance.| Helpers Finance
Recently, the Hungarian Tax Authority has published a press release to remind everyone that Hungarian tax residents must be aware if their income generated abroad is taxable in Hungary too. Relevant data are typically communicated between national tax authorities, and if someone misses declaration, they can expect a payment notice, or even a fine. The post Hungarian tax residents are responsible for declaring correct data appeared first on Helpers Finance.| Helpers Finance
As one of the government measures intended to boost the economy, the use of the SZÉP card will be extended again. Starting from 1 August, customers can use their card for buying groceries. This way you as an employer can also provide better fringe benefits to your Hungarian employees. The post Better fringe benefits for your Hungarian employees in 2023 appeared first on Helpers Finance.| Helpers Finance
The National Tourism Data Supply Centre was designed to collect real time data and offer up-to-date statistics of the hospitality sector in Hungary. Registration has been mandatory since 1 November 2021, and online data supply must begin on 1 July 2023. The post The National Tourism Data Supply Centre in Hungary goes to full throttle appeared first on Helpers Finance.| Helpers Finance
In Hungary, social contribution tax is paid on various types of income of natural persons. The tax is aimed toward supporting social institutions, such as pensions and allowances. Its rate is 13% of the tax base. Read on to get a quick summary of how it works. The post Social contribution tax in Hungary: an overview appeared first on Helpers Finance.| Helpers Finance
As another measure aiming to reduce inflation, Hungary is now introducing mandatory discounts for retail stores selling food, groceries, and the like. The first discounts under this scheme must start on 1 June 2023. Will this affect your business? Read on to find out. The post Mandatory discounts to fight inflation in Hungary appeared first on Helpers Finance.| Helpers Finance
If you are running a business in Hungary, you must pay a local business tax to the municipality where your business is registered. Even if you don’t need to pay, you must submit a report every year. Read on to learn how to report HIPA – and why it makes sense to have an accountant take care of it. The post Report HIPA (local business tax) for 2022 on the 22HIPAK form by 31 May appeared first on Helpers Finance.| Helpers Finance
If you are running a business in Hungary, you are also paying a local business tax to your local municipality. The next important deadline is 31 May, and if your registered address is in Budapest, you can pay the tax by card as well as by bank transfer. The post It is now possible to pay your local business tax by card in Budapest appeared first on Helpers Finance.| Helpers Finance
At the latest Thursday government press conference, new forms of price control have been announced that intend to ease inflation in Hungary, boost the purchase power of households, and support small businesses. However, they might not be as beneficial as intended. The post New price control measures introduced in Hungary to ease inflation appeared first on Helpers Finance.| Helpers Finance
March inflation data has just been published, and they allow some insight into the latest developments in Hungarian economy. Get a quick overview here. The post Inflation decreasing, core inflation increasing in Hungary in Q1 2023 appeared first on Helpers Finance.| Helpers Finance
Starting from this year, flat-rate taxpayers must report their income and pay their taxes not monthly but quarterly. This is done easiest through ONYA, the online reporting platform of the Hungarian Tax Authority. The relevant form 2358 has just received an update to become more user-friendly. The post Revamped form 2358 makes reporting easier for flat-rate taxpayers appeared first on Helpers Finance.| Helpers Finance
Less than two weeks ago, the U.S. American Silicon Valley Bank (SVB) went bankrupt. Since it manages the funds of several Silicon Valley companies that belong in a growth industry in the U.S., there is a worry that the even can start a domino effect. There is already a ripple effect observable globally – will it wear off before it leads to a new recession? The post Uncertainties in the banking world – is 2008 repeating? appeared first on Helpers Finance.| Helpers Finance
Are you new to business? Or maybe just to flat-rate taxation? Either way, you might wonder how and when you are supposed to first pay the local business tax, since it is normally calculated based on the tax of the previous year – and you might not have a previous year. The post Local business tax deadlines for new businesses appeared first on Helpers Finance.| Helpers Finance
When doing business with foreign clients, it might come in handy if your Hungarian company has a foreign corporate bank account. There is no limitation on the number of corporate bank accounts you can set up, just make sure your Hungarian bank account knows about all of them. The post What to watch out for when setting up a foreign corporate bank account? appeared first on Helpers Finance.| Helpers Finance
Last week the Hungarian Tax Authority has published a notice about the effects of the cancellation of the U.S.-Hungarian double taxation treaty. This marks an end to hopes that the treaty might be reinstated or a new treaty might be introduced. The post U.S.-Hungarian double taxation treaty stays canceled appeared first on Helpers Finance.| Helpers Finance
An audit is a procedure where the books of your Hungarian company are closely examined to reveal possible mistakes. Beside voluntary audits done by independent contractors, the Tax Authority can also conduct audits, so make sure your books are in order. The post Tax audit and compliance audit in Hungary: what is the difference? appeared first on Helpers Finance.| Helpers Finance
The Széchenyi Card Program is government-backed loan construction to support development projects at small and medium sized businesses in Hungary. With its 5% interest rate, it is an excellent option in the current financial environment. The post Is the loan of the Széchenyi Card Program a good option for your small business? appeared first on Helpers Finance.| Helpers Finance
Last week the Hungarian National Bank (MNB) held a press conference about economic expectations in Q1 2023 and the measures it is taking to counter inflation and moderate foreign exchange rates. They are continuing the implementation of a tight monetary policy until more encouraging economic trends are detected. The post How long will the MNB keep up the tight monetary policy in 2023? appeared first on Helpers Finance.| Helpers Finance
Are you running a business in Hungary? Get familiar with the latest statistics and projections regarding GDP and inflation in Hungary in 2022 and 2023 based on the latest data. The post Inflation in Hungary – what to expect in 2023 appeared first on Helpers Finance.| Helpers Finance
