On 1 April 2017, the Maternity Benefit (Amendment) Act, 2017 took effect, increasing paid maternity leave from 12 weeks to 26 weeks for companies with at least 10 employees. The act also required employers with 50 or more employees to […]
Starting from 1 January 2019, employers with at least 50 employees will be required to pay up to 55 percent of eligible recreation costs. The employer shall reimburse a maximum of EUR 275 per year (tax-free) when employees spend up […]
Hungary will reduce or eliminate the tax advantages for many fringe benefits beginning 1 January 2019. This is a significant development as employee benefits in Hungary have historically been structured as cafeteria-style programs because of the tax favorability of such […]
Under new regulations that came into force 22 May 2018, meal cards entities can no longer charge more than 6 percent commission to retail businesses or make any discounts to the employers they deal with. Payments by meal card entities […]
As of 1 January 2018, bonuses paid to employees as warrants or options, that do not exceed 20 percent of total gross earnings, are exempt from employer and employee social security contributions.