Social Security: 13%
Social Security: 18.5%
Income tax: 15% (not applicable to employees under 25)
Paid time off: 20 days + bank holidays + additional days off determined on age
Paternity leave: 5 days (in some cases 7 days)
Sick leave: 15 weeks
Parental leave: 2-7 days
Maternity leave: 24 weeks
HQ country employment & payroll
Independent contractor agreements
Direct local employer setup
Partnering with an Employer of Record Hungary /Temp agency
Setting up a local company in Hungary can be time-consuming and complicated. That is further complicated by the monthly activities - payroll needs to be calculated and run every month, taxes filed, benefits extended, change of rules and regulations followed. Here is an overview of everything you will find yourself needing to do.
Boundless as the Employer of Record Hungary (temp agency licence holder) files all pertinent taxes and contributions to the National Health Insurance Fund as they relate to the compliant employment of an individual in their home country.
Any new employee that is locally employed through a temp agency in Hungary gets full employment rights and benefits as specified in local law. They get a locally compliant employment contract, statutory maternity leave, annual leave, illness benefits, any relevant tax credit, severance pay and many more.