Business News from Hungary by Peterka Partners
Minimum wage hike from 1 Jan 2023
As of 1 January 2023, the monthly minimum wage rose from HUF 200,000 to HUF 232,000 (approximately EUR 500 and EUR 580, respectively), while the minimum guaranteed salary (for positions requiring at least a secondary education or secondary technical education) went from HUF 260,000 to HUF 296,400 (approximately EUR 650 and EUR 740, respectively).
Platform operators under scrutiny
In line with the local transposition of the EU’s DAC7 Directive, certain digital platform operators are faced with new administrative obligations towards the Hungarian tax office. Such new obligations, among others, include conducting due diligence on service providers registered on the platform engaging in certain types of business activities (i.e., sale of goods).
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