Hungarians who took advantage of the tax preference for families with a single child earned net HUF 159,445, while those with two dependents earned HUF 178,694. For the economy as a whole, Hungarians earned a monthly net HUF 162,485 last year, taking into account the tax preferences for dependents.
Hungaryʼs government approved at a cabinet meeting on Wednesday a proposal to raise the monthly tax preference for families with two dependents from HUF 10,000 to HUF 20,000, gradually until 2019. At present, the subsidy is the same for one and two dependents. The preference for three dependents is a monthly HUF 33,000.
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