Hungarians' charitable contributions from income tax just over half of possible amount

Banking

Hungarian taxpayers who opted to give part of their personal income tax to charity this year contributed HUF 15.44 billion to worthy causes, 56.8% of the possible total contribution of HUF 27.2 billion, figures from the national tax office NAV show.

A total of 1.9 million taxpayers of the nearly 3.4 million taxpayers who were eligible to contribute 2% of their personal income tax to charity did so this year, NAV reported. About 75.5% of all private individual taxpayers could have contributed the combined amount of over HUF 27 billion this year.

Among civil organisations, most of money went to foundations; among churches, the biggest amount was contributed to the Hungarian Catholic Church.

The money went to 31,468 beneficiaries, including 31,280 civil organisations, 187 churches and one budget-funded organization (the National Talent Program).

ADVERTISEMENT

Czech economic confidence weakens in September Analysis

Czech economic confidence weakens in September

Parl't extends pandemic legal provisions Parliament

Parl't extends pandemic legal provisions

Energy Efficiency: End-users, Energy Traders and Other Stake... Inside View

Energy Efficiency: End-users, Energy Traders and Other Stake...

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.