ADVERTISEMENT

Government consults on scale of vocational deduction

Initiatives

The Hungarian government is still in consultations regarding the size of deductions that businesses, which participate in vocational training programs, may claim on their 1.5% vocational contribution, the National Economy Ministry told Hungarian news agency MTI late yesterday.

According to the ministry, the deduction, which is due to be introduced in September, will be calculated based on the number of days student interns participate in vocational training programs at a given company.

The ministry expects a HUF 258 mln loss in budget revenue due to the deduction this year and a HUF 1.8 bln shortfall next year, MTI reported.

Some 1,139 students are participating in vocational training programs at 350 companies, this year.

Number of Firms Working With Unis Doubles in 10 Years Figures

Number of Firms Working With Unis Doubles in 10 Years

Hungary Backs French Initiative for Cultured Meat Review EU

Hungary Backs French Initiative for Cultured Meat Review

Regus Fészek Office Building Opens in Pécs Office Market

Regus Fészek Office Building Opens in Pécs

Budapest 14th in Sports Cities Ranking City

Budapest 14th in Sports Cities Ranking

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.