Support
“Fantastic support from my Account Manager that made the process a lot easier than I imagined.”
HRD
Global Resourcing Firm
Currency
Forint (HUF)
Capital
Budapest
Official language(s)
Hungarian
Hungary Facts
Population
9,772,756
Capital
Budapest
Offical language(s)
Hungarian
Currency
Forint (HUF)
Date format
yyyy.mm.dd.
Fiscal year
1 January - 31 December
Hiring in Hungary
We're here to assist with all your Payroll and HR requirements in Hungary, whether you’re looking for services in Budapest, Debrecen or elsewhere.
Employer Responsibilities
In Hungary, the following must be adhered to under strict local legislation:
- 13% Employer Taxes
- Minimum of 20 Days’ Vacation
- Minimum Wage HUF 232,000 (year 2023)
Frequently Asked Questions
How does payroll work in Hungary?
Employees in Hungary enjoy a flat rate of income tax, currently set at 15%, with Social Contributions of 18.5%. Employers also enjoy a low Social Contribution of 13%, among the lowest in Europe.
What are the general employment rules?
All staff are eligible for a minimum of 20 days’ paid vacation each calendar year. Once staff members reach the age of 25, their entitlement increases by 1 day every three years throughout their twenties. This changes to every 2 years in their thirties and forties.
What about dismissing an employee?
To dismiss an employee correctly, employers must follow a strict procedure which includes providing appropriate notice and issuing the termination documentation in writing. It is likely that the employee would be due a severance payment – the amounts vary depending on the employee’s age and length of service. Please consult one of our Employment Law Specialists before commencing a contract termination.
Can’t find the answer you’re looking for? Talk to one of our experts today.
Why use PeoplePay?
Guaranteed Compliance
Robust, compliant payroll and hiring supported by a dedicated Account Manager.
Local Expertise
Avoid international payroll and hiring pitfalls including language barriers, regulations and employment laws.
Lower Costs
Reduced administration, no need for an in-country team, and consolidated, outsourced payroll.
You're in good company
Who we work with
Hungary Payroll
Get peace of mind with a streamlined, fully-managed payroll solution for 1+ employees.
Learn more
Hungary HR
Helping you hire compliantly, steering you through the local HR laws and regulations.
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Hungary Payments
Consolidated, one-wire transfers to cover your entire global workforce - at competitive rates.
Learn moreHungary Payroll & HR Solutions
PeoplePay Global are here to assist with all your Payroll and HR requirements in Hungary.
In-Country Employment Contracts
Creation of locally-compliant Hungarian employment agreements, ensuring you and your employees are protected in-country. Our experts in Hungary will create your bespoke agreement.
Payroll Processing
With global knowledge and local proficiency, we provide a fully-managed payroll solution that handles all the complex tasks, leaving you to focus on your business.
Tax and Labor Law
Hungary’s complex legislation can be daunting. Our in-country specialists are an extended member of your team, steering you safely through tax and labor law.
Regulatory Compliance
Our in-country professionals provide a wealth of experience and expertise in Payroll & HR compliance, ensuring your venture complies with ever-changing legislation.
Start-Up Implementation
We’ll ensure you’re operational promptly in accordance with local law, advising on the best route for your business, whether it’s via a legal entity or foreign registration.
Declarations and Audits
Our local specialists will manage and submit annual declarations on your behalf, guaranteeing accurate and prompt reporting to the authorities and also providing support for audits.
Our pedigree
We're here to help you scale.
Our global reach and experience allows us to support your workforce expansion.
25000+
employees paid
1+
countries covered
0m +
transactions
1+
currencies supported
Our Customers Say
Start outsourcing your global payroll
Register your interest today and let us take care of your Hungary payroll headaches.
