According to Pebl's employment agreement template, when is the salary due in Hungary?

In Hungary, our employment agreement stipulates that salary is due no later than the 10th day of each month.

What date does the law specify salary must be paid in Hungary?

In Hungary, salary must be paid before the last day of the month.

How is salary calculated and what components does it consist of in Hungary?

In Hungary, salary is calculated on a monthly basis and consists of a base wage as specified in the employment agreement.

Is there a legal obligation to pay salaries in the same month in Hungary?

In Hungary, there is an expectation that salaries are paid in the month worked.

How many salary payments are made per year in Hungary?

In Hungary, there are 12 salary payments made per year, with one payment made each month.

Is salary payment monthly and is payment standard at the end of the month in Hungary?

Yes, salary in Hungary must be paid on a monthly basis at the end of the month.

Should the employment agreement specify salary in monthly or annual amounts in Hungary?

In Hungary, the employment agreement must specify the salary in gross monthly amounts. This is reflected in our standard employment agreement template, which includes the gross monthly salary of the supported employee.

What tax and social security obligations do employees have in Hungary?

In Hungary, employment income includes wages, compensation for public benefit employment, remuneration or honorarium, bonuses, fuel allowances, expense reimbursements, and taxable insurance premiums paid by others related to activities other than self-employment. This income is subject to a flat income tax rate of 15%.

Employees in Hungary also have specific social security contribution obligations, which include:

• A 10% contribution of their salary towards pension.
• A 7% contribution to health insurance.
• A 1.5% contribution for unemployment insurance.

What are the details of the customary bonuses, including the 13th or 14th-month salary, and when are these payments typically made in Hungary?

In Hungary, there is no legal requirement for an employer to provide bonuses. However, it is common for businesses to offer various types of bonuses at their discretion. Some of the typical bonuses include:

• A 13th-month payment
• A year-end bonus
• A summer or winter bonus

The amount and naming of these bonuses vary depending on the employer's preference. There is no consistent or unified approach regarding the payment of these bonuses, and the decision is entirely up to each employer.

What is the minimum wage information in Hungary?

Effective January 1, 2025, the minimum wage for full-time employees in Hungary is structured as follows:

• HUF 290,800 monthly
• HUF 66,860 weekly
• HUF 13,380 daily
• HUF 1,672 hourly

It is important to note that the minimum wage is set at a different rate for employees in positions that require at least secondary education or secondary vocational qualifications.