Tax package 2021 June

 As a closing of the spring session, the Hungarian Parliament adopted and promulgated on 9 June 2021 the latest tax package, which essentially contains changes to the tax law for 2022 and partly for 2021. The following addresses the most significant changes.

Covid-19 related tax measures in Hungary

A number of tax measures have been introduced to reduce the effects of the economic crisis caused by the coronavirus epidemic.

Throwback to the summer tax package 2019- Part 4

As part of the summer tax package hereinafter we collect the changes in personal income tax, social contribution tax and social security.

Motivation of employees by stocks

At the time of total re-legislation of the cafeteria taxation, employers are actively seeking new instruments for the remuneration of their employees. Stock option plans now get even a higher emphasize than earlier, especially considering the potential high values that are not limited, and the long-term loyalty effect that is becoming ever more important in this fluctuating and demand-driven employment market.

Amendments to the taxation of employment

Hungary even historically provided very attractive taxation of corporations in an international comparison; our social security system however is quite robust. As part of the agreement between the social parties, employers and the government, a decision was made about the increase of the minimal wage and parallel reduction of employment taxes too. In our present post, we summarize the most important changes affecting employment in Hungary.