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PKF International

Internationally Mobile Employees

Internationally mobile employees blog

PKF International

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.

PKF Comment

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 Kriszti√°n Vadkerti at vadkerti.krisztian@pkf.hu


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