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My revenues have fallen significantly as a result of the pandemic and I am unable to pay my employees. What are my options?
Businesses that pursue any of the following activities indicated by the following TEÁOR [NACE] and TESZOR codes as their actual core activities shall be exempt from employee-related tax and contributions payment obligations for the months of March, April, May and June of 2020 (for private individuals with an employment status, and self-employed and incorporated entrepreneurs). Only the 4% health insurance in-kind contribution shall be paid after the income constituting the contribution basis, such that it may not exceed the value of the monthly health care contribution of HUF 7710.
In addition, the value of other payments to employees shall not constitute a part of the small business tax base when calculating the small business tax base for such small businesses.
Source: ITM [Ministry for Innovation and Technology] State Secretariat for Economic Strategy and Regulations
- taxi operation (TEÁOR [NACE] and TESZOR 49.32),
- accommodation (TEÁOR [NACE] and TESZOR 55),
- food and beverage service activities (TEÁOR [NACE] and TESZOR 56),
- creative arts and entertainment activities (TEÁOR [NACE] and TESZOR 90),
- sports activities and amusement and recreation activities (TEÁOR [NACE] and TESZOR 93),
- gambling and betting activities (TEÁOR [NACE] and TESZOR 92),
- motion picture, video and television program production, sound recording and music (TEÁOR [NACE] and TESZOR 59),
- organization of conventions and trade shows (TEÁOR [NACE] and TESZOR 82.30),
- publication of newspapers (TEÁOR [NACE] and TESZOR 58.13),
- publication of journals and periodicals (TEÁOR [NACE] and TESZOR 58.14),
- programming and broadcasting activities (TEÁOR [NACE] and TESZOR 60),
- travel agency, tour operator and other reservation service and related activities (TEÁOR [NACE] and TESZOR 79),
- activities for the promotion of physical well-being (TEÁOR [NACE] and TESZOR 96.04),
- inland passenger water transport (TEÁOR [NACE] and TESZOR 50.30),
- plant propagation (TEÁOR [NACE] and TESZOR 01.30),
- growing of miscellaneous non-perennial crops (TEÁOR [NACE] and TESZOR 01.19),
- growing of miscellaneous perennial crops (TEÁOR [NACE] and TESZOR 01.29),
- wholesale of flowers and plants (TEÁOR [NACE] and TESZOR 46.22),
- retail sale of flowers, plants, seeds, fertilizers, pet animals and pet food (TEÁOR [NACE] and TESZOR 47.76)
- wildlife management and related services (TEÁOR [NACE] and TESZOR 01.70),
- distilled alcoholic beverage production (TEÁOR [NACE] and TESZOR 11.01),
- production of wine from grapes (TEÁOR [NACE] and TESZOR 11.02),
- beer production (TEÁOR [NACE] and TESZOR 11.05),
- growing of grapes (TEÁOR [NACE] and TESZOR 01.21),
In addition, the value of other payments to employees shall not constitute a part of the small business tax base when calculating the small business tax base for such small businesses.
Source: ITM [Ministry for Innovation and Technology] State Secretariat for Economic Strategy and Regulations