ADVERTISEMENT

Tax changes leave Hungarians with HUF 150 bln more personal income in 2010

Banking

Tax changes introduced last year let Hungarians keep HUF 150 billion more of their income, National Tax and Excise Tax Office (NAV) deputy head Arpad Varga said at a press conference on Tuesday.

Personal income tax collected last year edged up 1.4%, under the rate of inflation, to HUF 119.8 billion, NAV data show.

The number of Hungarians filing personal income tax returns rose by 22,000 to 4.5m. Of these, 3.5m paid tax.

The tax base for personal income tax in Hungary rose HUF 119.8 billion to HUF 8,395.9 billion in 2010. Including employers' payroll tax contributions, the base came to HUF 10,471 billion.

The number of retired Hungarians who earned income in addition to their pensions fell to 474,000 from 486,000. The base for pensioners' personal income tax was HUF 507.9 billion.

ADVERTISEMENT

Average age of coronavirus patients declining Analysis

Average age of coronavirus patients declining

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.