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Vacation voucher card could be introduced in time for next year's season

Employers could start compensating staff with a vacation voucher card that can be topped up to an annual HUF 300,000 by the start of the season next year, deputy state secretary in charge of tourism and economic development Endre Horváth said at a press conference in Budapest on Monday.

There will be a 1.5% commission on the card, called the Széchenyi card, enough to cover the operating costs of the system. Recipients of the card would pay 16% personal income tax on its value.

A government decree on introducing the card had almost been completed, Horváth said. The card could boost demand in the tourism sector by 30-40%, he added. (MTI-ECONEWS)