The Social Security Rate For Employees in Hungary stands at 18.50 percent.

Social Security Rate For Employees in Hungary averaged 11.93 percent from 1990 until 2019, reaching an all time high of 18.50 percent in 2013 and a record low of 7.50 percent in 2011. This page provides - Hungary Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Social Security Rate For Employees - values, historical data and charts - was last updated on August of 2020.

Social Security Rate For Employees in Hungary is expected to reach 18.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Social Security Rate For Employees is projected to trend around 18.50 percent in 2021, according to our econometric models.

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Hungary Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
18.50 18.50 18.50 7.50 1990 - 2019 percent Yearly

Hungary Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 9.00 9.00 50.00 9.00 percent [+]
Personal Income Tax Rate 15.00 15.00 44.00 15.00 percent [+]
Sales Tax Rate 27.00 27.00 27.00 20.00 percent [+]
Social Security Rate 39.50 39.50 53.00 36.00 percent [+]
Social Security Rate For Companies 21.00 21.00 43.00 21.00 percent [+]
Social Security Rate For Employees 18.50 18.50 18.50 7.50 percent [+]


Hungary Social Security Rate For Employees
In Hungary, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Employees are an important source of income for the government of Hungary because they help to pay for many social programs including welfare, health care and many other benefits.