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Govt proposal would make employer support for FX repayment scheme tax-free

Telco

Money paid by employers to employees that supports their participation in an early forex mortgage repayment scheme could be made tax free up to HUF 7.5m per worker under a proposal before Parliament on Monday, spokeswoman for governing Fidesz Gabriella Selmeczi said on Thursday.

The proposal concerns support, not credit, Ms Selmeczi said.

A government scheme launched at the end of September allows early repayment, in full, of foreign currency-denominated mortgages at discounted exchange rates.

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