Gov't to roll out PIT exemption for Hungarians under 25

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The government has decided to exempt Hungarians under the age of 25 from the personal income tax from January 1, 2022 "at the latest", Prime Minister Viktor Orbán said in a weekly interview on public radio on Friday, according to a report by state news wire MTI.

The exemption will apply "up to the average wage", Orbán said on Kossuth Rádió.

He said the measure, which will cost the government "HUF 130 bln-150 bln", is "not without precedent", noting a similar exemption in Poland.

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