Hungary: Employee Benefits Update
September 16, 2016:
The following changes in employee benefits have been reported back by Asinta’s partner in Hungary, MAI CEE:
Personal Income Tax was reduced from 16% to 15% as of 01 January 2016.
Cafeteria might change as of 2017 (food vouchers may be cancelled).
Outpatient services and annual screenings are now recommended for employers to provide for their employees, due to the very long wait lists to get some examinations in Hungary. Additionally, more companies are starting to show interest in extending their existing employee health care benefits to cover family members as well.
There is an increase in the number of companies that offer group life, accident and/or health insurance for their employees, either as a complementary benefit package attached to the medical benefits or alone.
Tax on UNIT Linked Life insurances will be levied, presumably, as of 01 January 2018. It may have a Cafeteria-like tax, which is more favorable than a tax on salary itself.