Overview of Payroll in Hungary

This course is aimed at those Payroll & HR Professionals who are managing payroll vendors who process their Payrolls in Hungary and need to understand the basic legal requirements involved and would like to understand the payroll calculation in Hungary.

This course will give confidence to the attendees, they will understand the fundamentals of payroll processing in Hungary, they will be clear about employer obligations, know what they need to do on a monthly and annual basis, can answer employee queries and check payslips. Even if payrolls are outsourced it is still the employer’s responsibility to ensure all obligations are met and employer contributions are correctly processed. This course not only gives you the information you need to be compliant, but also helps you understand the labour law, payroll calculation and different absences.  

Basics:
✓Country overview
✓Minimum wage in Hungary
✓Public holidays, bridge and switched days
✓Labor Law
✓Employment contract
✓On- and off-boarding
✓Tax legislations and Social security system
✓Pension

HR overview and employment regulations:
✓Acts and laws on employment and payroll in Hungary
✓Probationary employment period
✓Termination types, obligations at termination
✓Employment certificates
✓Working time regulations
✓Overtime
✓Remote work

Absences, including:
✓Annual leave
✓Sick leave
✓Maternity leave
✓Parental leave
✓Other paid leave types: e.g. bereavement leave
✓Sick leave after children
✓Accidental sickness, long term sick leave
✓Employees’ Personal Income tax and social security tax and employer’s contributions:
✓Overview of payroll tax payments and calculations
✓Tax allowances: family tax allowances, tax allowance for youngsters, first marriage, etc.
✓Gross-to-net calculations for employees
✓Employers’ contributions
✓Payslips

Other taxable and not taxable wage components or benefits:
✓Gross taxable wage types
✓Employee benefits- Cafeteria: tax free or discounted tax items
✓Benefit in kind – taxable and non-taxable
✓Home office allowance

Year-end and year beginning obligations
✓Statistical reporting
✓Employees’ Year-end statements
✓Employee documents to be collected for year beginning: tax allowances, extra vacation day requests.