According to Government order nr. 318/2021. (VI. 9.) published in the Hungarian Gazette (number 107.) and came into force on the 9th of July, the taxation of the SZÉP Card will stay favourable. The…
Our mission is to make business processes work better We provide new wave accounting, payroll and HR administration outsourcing across Europe utilizing our more than 100 years of combined professional experience, all embraced by technology.…
According to the Hungarian government order nr. 639/2020 (issued in December) the local business tax payable by small and mid-sized companies may be decreased by 50% in 2021 due to the coronavirus pandemic. In our…
Thanks to the improvement of digital technology, working from home is a great and frequent solution to handle emergency cases caused by COVID-19. To make employer’s reactions faster in this emergency pandemic situation, some legislation…
Following up on our series, Judit Gudman, Client Service Director, head of our accounting and payroll outsourcing services in Hungary, speaks about the experiences of the compelling home office period. Joining the line of thought…
According to the Law on Health Insurance Benefits[1] incapacity for work shall mean when a worker is prohibited from performing his/her job in the interest of public health and no other position is offered, or…
Now, Katalin Karó, Accounting Manager, BPiON Accounting Team, answered the question: "What did you learn during the quarantine?" I consider the last months a self-development period, both technically and HR. For me and my team,…
Tamas Kovács, our Hungarian MD shared his quarantine experience last week. In the second part of our series, Béla Kakuk, CEO of BPiON, talked about the biggest lessons of the pandemic situation. The greatest lesson…
Due to the COVID-19 pandemic since March not only home office options have been reinterpreted, but also employee benefits and employer liabilities. Many companies got into a difficult financial situation, to which the government provided…
We ask BPiON managers what they learned from the quarantine period. Tamás Kovács, the managing director of BPiON in Hungary, was the first to respond. For me, perhaps the biggest surprise and experience of the…
The availability of the job-creating wage subsidy that can be applied for from 18th May 2020 has been limited from the 16th of July, 2020. From this date, it is no longer enough for the…
The new Social Security Act, which became effective on the 1st of July 2020, standardized the previous regulations; besides the introduction of a consolidated social security contribution of 18.5%, there is also a significant change…
From 18th of May 2020 employers can apply for a nonrefundable job-creating salary subsidy, provided that they employ a jobseeker registered at the Labour authority. The wage subsidy for reduced working hours, which can be…
Although the initial panic caused by the virus is starting to subside, for company leaders the hard part is yet to come. Considering the experiences of the last 2 months, the possibilities of the company,…
Tax burden on SZÉP (Széchenyi recreation) card benefits changes until the 31st of December 2020 according to the Hungarian Government decree nr. 225/ 2020. (V.22) published in Nr. 118 of the Hungarian Gazette. No social…
We never believed in strategies, where numbers are locked for a minimum of 12 months and all decisions should assist to one and only goal to reach the budgeted numbers. I guess very few companies…
To mitigate the economic effects of the coronavirus pandemic, Government Decree 170/2020 was issued to reduce the corporate tax limits on investments. The decree modifies the Corporate Income Tax Law in order to urge investments.…
Government decree 140/2020. (IV.21) (issued in the 82nd National Gazette) contains significant changes regarding employees on unpaid leave due to the emergency caused by the COVID-19 virus. The amendments affect the obligation of both the…
Updated 6/19/2020: 290/2020 released on June 17th. Based on the Government Decree, the deadline for applying for subsidy for salary payments has changed. Under the regulation, the application can be submitted until 31 August 2020.…
New decrees of the Hungarian Government have been published on the 21st of April 2020 including further measurements to eliminate economic damages of coronavirus. The orders contain among others the postponement of different tax returns…
