INSIGHTS

Is it back!? The Hungarian Golden Visa program is back in force

On 12 December, the Hungarian Parliament passed a law to re-regulate the residence of third-country nationals in Hungary. One of the most exciting new features is the introduction of the guest investor visa and residence permit, which is already known as the “Hungarian Golden Visa”. In this article we briefly look at what it is […]

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Briefly on foreign citizens purchasing property in Hungary

Basically, with a few exceptions, such as agricultural land, non-Hungarian citizens are free to buy property in Hungary. However, the obstacles faced by nationals of different countries differ as to whether a special permit is required. Cases where no special permit is required for non-Hungarian citizens to purchase real estate. The following cases do NOT […]

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Minimum wage and guaranteed minimum wage from 2023

The mandatory minimum amount of basic pay (minimum wage) changes in an unusual way during the year – from  December 1st, 2023. The minimum wage from the December 1st of 2023 HUF 266 800 for monthly wages Guaranteed minimum wage for an employee in a job requiring at least secondary education or training HUF 326 […]

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STEP DIRECTORY – Hungary

   STEP DIRECTORY – HUNGARY professional licensed trustee ad-hoc trustee Type of trust Revocable, testamentary or inter vivos, discretionary or non-discretionary, private or charity Revocable, testamentary or inter vivos, discretionary or non-discretionary, private or charity Who can be settlor Anyone (corporate or private, local or foreign) Anyone (corporate or private, local or foreign) Limitation of […]

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New obligation? Setting up an internal whistleblowing system

On 24 July 2023, the so-called Complaints Act came into force, which covers a wide range of employers, so we have gathered the most important questions and details about the so-called whistleblowing system. The new law repealed the ‘old’ law, which was Act CLXV of 2013 on Complaints and Public Interest Disclosures. The new Complaints […]

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Most important mid-year tax changes in Hungary

The Hungarian Gazette of 14 July 2023 contains the provisions of the bill submitted on 6 June, which have now been incorporated into law. In the Act on the Contribution of Airlines and on the Amendment of Certain Tax Laws, we can observe changes affecting almost all tax types, several of which will significantly affect […]

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