Maternity leave is a form of unpaid leave in Hungary during which mothers can apply for allowances from the state. New mothers can spend at least 6 weeks with their babies, during which you cannot terminate their employment relationship. This is true even for third-country national employees, and it is not supposed to affect existing work permits either.
Is your Hungarian company issuing receipts or invoices? If you issue receipts, get ready for the introduction of the electronic cash register which allows better reporting towards the Tax Authority and offers better customer experience.
Once you set up your Hungarian company, you will be able to take care of most administrative tasks online. Hungarian administration is highly digitalized, making business operation more transparent. Read on to get familiar with the tools for online administration in Hungary.
Accountancy and payroll services are similar in the sense that both are related to finances at your Hungarian company. Sometimes both services are provided by the same provider too. However, they are distinct functions, requiring special expertise.
If the registered seat of your Hungarian business is with a seat provider, there is a chance they are also acting as a delivery agent for you. Learn what the difference is and what to expect from each.
NACE, the classification of economic activities in the EU received an update. In Hungarian, it is referred to as TEÁOR’25. See if you need to do anything.
Transparency is a key value in the European Union. When you set up your Hungarian company and want to register for mandatory services, you are expected to present the ownership structure of the company in a transparent way.
Hungary has introduced a new immigration law that came into force on 1 January 2024. It will not affect Hungarian company setup, which will remain available to all nationalities. However, it will affect residency applications for the managing director, the employees, and their family members.
Your Hungarian company is required to track its incoming and outgoing payments. Your taxes are calculated based on these, and transactions must be recorded. Incoming payments are recorded on invoices in Hungary – read on to learn how that works.
When are you planning to make the first hire at your Hungarian company? Your new employee will need a labor contract that defines the employment relationship between the two of you, and protect the rights of both the employer and the employee. Let’s take a closer look at how that works.
