News in Brief
NAV to pay HUF 600 billion to families in tax reimbursements
Families raising children, disabled people and pregnant women are eligible for the tax refund under a “unique” measure taken by the Hungarian government.
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News in Brief
Head of Audit Office: Personal income tax should be scrapped
The key to economic success was employment policy which should enliven the labor market by tearing down barriers put in the way by the state.
News in Brief
Under-25s exempt from personal income tax
People under 25 will not have to pay PIT for wages below the gross average wage.
News in Brief
Hungarian government considers expanding personal income tax relief
Discussions are ongoing with the finance minister on exempting women who have given birth to and raised three children from paying personal income tax starting from Jan. 1, 2021.
News in Brief
ÁSZ sees room for gradual reduction in 15 percent personal income tax rate
“In my opinion, the current economic conditions allow for a further reduction of the personal income tax in two or three steps,” László Domokos said.
News in Brief
Tax cuts since 2010
The Orbán Government slashed income tax to a flat 15 percent and dropped the corporate tax to nine percent, the lowest in the EU.