Gov't Submits Tax Bill to Lawmakers
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The government submitted a bill on next year's tax changes to parliament on Tuesday, according to a report by state news wire MTI.
In a statement issued after the submission, the Finance Ministry said excise tax rates would be adjusted to European Union minimums next year, while airlines would pay a green tax, similar to ones in a number of other EU member states.
As airlines don't pay excise tax on aviation fuel, the industry has an "extraordinarily low" share of the public burden, the ministry added, noting that tax preferences would be allowed for low-emissions aircraft.
The bill provides "sufficient grounds" to meet targets in the 2024 budget that aims to protect families, pensions, workplaces and the regulated utility price scheme for households while ensuring Hungary's security, the ministry said.
The bill would codify a number of measures earlier introduced by decree, including tax preferences for mothers under the age of 30, the elimination of dedicated Szép voucher card spending accounts, and the scrapping of the 13% employer contribution for Simplified Contribution to Public Revenues (Ekho) taxpayers.
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