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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.

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