Hungarians’ net income is second lowest
According to Deloitte Hungary, Polish, followed by the Hungarians, would get the lowest net income from a €500 gross wage in the Visegrád Fours.
Deloitte’s calculations are based on the average wages and salaries, and on the current tax regulations in the Visegrád Fours. Hungarians’ net income from a gross €500 would be at 72.4% and the Polish would get 70.67 % of it, while Czechs would keep 84.42% and Slovakians would keep the most of it: 85.65%. Net income is 57.2% of the gross income in Hungary, 68.35% in Poland, 78% in Slovakia and 79, 79% in the Czech Republic if calculations are based on €1000 gross income. Though there are similar social security liabilities in all the four countries, significant differences are apparent in a comparison owing to differing tax systems. (Gazdasági Rádió, Magyar Hirlap)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.