Business News from Hungary by Peterka & Partners
More favourable social contribution tax
From 1 August 2024, employers will be able to claim a tax credit on social security contributions for employees entering the labour market, if the employee has been employed for a maximum of 92 days (instead of the previous 275 days) with social security obligations, or has been self-employed or a member in a company for 365 days, prior to the month in which the beneficiary starts employment.
Digital Citizenship Programme
The Hungarian Government has introduced the Digital Citizenship Programme (effective from 1 September 2024). The main goals of the programme are to enable citizens to carry out more of their administrative tasks digitally, and for them to have the opportunity to collect and store copies of their various ID documents on an app on their smart phones.
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