We have summarized the amount of minimum wages and taxes for the financial year 2021 within the classical labour relations.
Wages and Taxes in Hungary 2021
From the 1st of January in 2021 the gross amount of the minimum wage for full-time workers in Hungary is 167 400 HUF while the minimum guaranteed salary is the following: 219 000 HUF
|Hourly rate||Daily rate||Weekly rate|
|Minimum wage||963 HUF||7 700 HUF||38 490 HUF|
|Minium guaranteed salary||1 259 HUF||10 070 HUF||50 350 HUF|
Taxes payd by Mind-Diák members from the gross wages
- 17.5 % social contribution tax
Taxes paid by the employers from the gross wages in classical labour relations:
- 15.5 % social contribution tax
- 1.5 % contribution to vocational training
If your company uses pensionary or student agency services it will be dispensed from the taxes mentioned above.
Taxes paid by the employees from the gross wages in classical labour relations:
- 15% income tax
- 10% superannuation tax (pension contribution)
- 8.5% health insurance and individual labour market contribution
The last two contracted make up the 18,5% social contribution tax and must be paid together from the 1st of July 2020. The family tax allowance is available for the grand total of the wage. The income of the pensionary or student agency members will only be charged by the 15% income tax.