India: Social security agreement with Hungary goes into force, aiming to eliminate double contributions

Global Watch ()

India signed a bilateral agreement on social security with Hungary on February 4, 2010. Recently, the Employees’ Provident Fund Organization (EPFO) notified that the agreement has come into force with effect from April 1, 2013. The new agreement, similar to others that India has entered into, provides various benefits for assignees working to and from these jurisdictions. Most notably, it may enable such assignees to continue social security contributions in their home country while avoiding the obligation to contribute social security in the host jurisdiction – potentially decreasing mobility costs.