Hungary: Personal income tax rate reduction
13 Jan 2016
The personal income tax rate in Hungary will decrease from 16% to 15% as of 1 January 2016. This will affect the taxation of various benefits and the calculation of personal income tax and contribution allowances.
Besides the lower tax rate applying to taxable income, the reduction will have a positive impact on the taxation of fringe and other benefits. For further information or advice concerning the personal income tax rate reduction, or any other Hungarian tax matter, please contact Krisztián Vadkerti at [email protected]