Estimate: Average tax hike HUF 10,000 a month

Banking

The planned tax proposal set for 2015 would cost the average Hungarian household approximately HUF 10,000 more per month, according to calculations published today by Hungarian online news portal Origo.

The news portal noted that the proposed increases come from a variety of different sources.

For example taxes on meal subsidy coupons would rise from 35.7% to 51.7%. This means that meal subsidy coupon worth HUF 8,000 would cost the employer HUF 12,094 instead of the current HUF 10,856. According to estimates that means that, for every HUF 1,000 an employer pays out, the employee would receive HUF 661 – instead of the current HUF 737.

Origo said that the internet tax would hurt those with bigger families more, as they would be more likely to reach the monthly maximum of five gigabytes, and therefore the internet service provider would also have to pay the maximum of HUF 700 per month. The government says ISPs should not make consumers pay this extra amount, but critics assume the cost will be passed on somehow.

The internet tax would also hit mobile internet, at a cost of as much as HUF 150 per gigabyte, which would further increase expenditures. There has been no clear indication that there would be a cap on this tax.

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