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Gov't to exempt private domestic work, child and elderly care from taxation

Hungary's Fidesz-led government will exempt income derived from private domestic-work and care of children and the elderly from the personal income-tax and social-security contributions, Minister of National Economy György Matolcsy announced following a cabinet meeting on Wednesday evening.

Matolcsy noted that families that hire people to so such tax- and contribution-exempt work will have to pay a monthly registration fee of HUF 1,000 (€3.50).

The minister of national economy confirmed that the government is preparing to introduce a 16% flat personal income tax on January 1, 2011. (MTI-Econews)