• Hungarian forint
  • Budapest
  • Police news
  • HelloMagyar
Family tax allowances to be expandedFamily tax allowances to be expandedFamily tax allowances to be expandedFamily tax allowances to be expanded
  • Politics
  • Business
  • Society
  • Sport
  • Culture
  • Special Hungary
  • News To Go
  • World
  • Contact Us
  • About us
  • About us
  • Contact Us
  • Privacy Policy
✕
Important
  • This is how Hungary could be kicked out of the EU

  • BREAKING: Explosion at a family house, one policeman died in Hungary

  • Another airline to fly to Budapest for Christmas

Support us
Daily News Daily News · 21/10/2013
· Politics

Family tax allowances to be expanded

Family tax allowances will also be deductible from the 7% health and 10% pension contributions, which will especially serve the interests of low-income families, Government Spokesperson András Giró-Szász stated, commenting on 2014 tax laws on Friday.

He said the change would enable low-income families to save on taxes and contributions the equivalent of 33% of gross wages, as against the current 16%. The Government has designed the new tax allowances to encourage family planning and having more children, Mr Giró-Szász emphasised. The family tax allowance will be extended to affect an additional 260,000 families, he pointed out.

The Spokesperson stated that a total of 900,000 Hungarian families or nearly 5 million citizens would be able to benefit from the tax allowance. The structural reform of Hungary’s tax system has been completed, so 2014 will be dedicated to fine-tuning, he added.

Source: Prime Minister’s Office

If you would like to support the work of the Daily News Hungary staff and independent journalism,
please make a donation here
Share

Hot news

  • Hungary, Moldova archives sign cooperation agreement

  • This is how Hungary could be kicked out of the EU

  • Minister: Hungary taking over rotating presidency of CEEPUS education scheme

  • Hungarian FM: UN should spend less on bureaucracy

  • Attention! Cheap travel to Hungary may disappear

  • 15 Hungarian universities among Europe’s top

Leave a Reply

Your email address will not be published. Required fields are marked *

SUPPORT US
  • Facebook
  • Twitter
  • Instagram

Must read

Subscribe to our newsletter

Sign up to receive daily updates, news & stories about Hungary!

Select your location below or enter your country so we can deliver our morning newsletters to you in time.

Thank you!

You have successfully joined our subscriber list.

.

Contact us

About us

Copyright rules

Privacy policy

Advertise with us

© 2023 DailyNewsHungary. All rights reserved! | Server and development by Svigelj Levente E.V
Hungary, Moldova archives sign cooperation agreement

Hungary, Moldova archives sign cooperation agreement

Read More
This is how Hungary could be kicked out of the EU

This is how Hungary could be kicked out of the EU

Read More
Minister: Hungary taking over rotating presidency of CEEPUS education scheme

Minister: Hungary taking over rotating presidency of CEEPUS education scheme

Read More
Hungarian FM: UN should spend less on bureaucracy

Hungarian FM: UN should spend less on bureaucracy

Read More
Attention! Cheap travel to Hungary may disappear

Attention! Cheap travel to Hungary may disappear

Read More
15 Hungarian universities among Europe’s top

15 Hungarian universities among Europe’s top

Read More
BREAKING: Explosion at a family house, one policeman died in Hungary

BREAKING: Explosion at a family house, one policeman died in Hungary

Read More
Hungarian museum wins prestigious European award!

Hungarian museum wins prestigious European award!

Read More
OTP Bank files report linked to tax authority probe of Budapest mayor’s campaign financing

OTP Bank files report linked to tax authority probe of Budapest mayor’s campaign financing

Read More
Hungarian FM: ‘Terrorism, illegal migration form vicious circle’

Hungarian FM: ‘Terrorism, illegal migration form vicious circle’

Read More
  • 0
  • 1
  • 2
  • 3
  • 4
Have you read it?