Hungarians below the age of 25 will not have to pay personal income tax from January 1, 2022, Prime Minister Viktor Orbán said in a radio interview on Friday morning.
Orbán told public broadcaster Kossuth Radio that the measure would cost the budget 130-150 billion forints (EUR 363-420m).
“We will start reintroducing 13th month pensions early next year,” Prime Minister Viktor Orbán said in a video on Facebook on Thursday on the occasion of the International Day of Older Persons. Orbán spoke after a meeting of the council for elderly affairs, which had been dedicated to the planned reintroduction in light of the […]Continue reading
He said that following the phased reintroduction of the 13-month pension, it was important that young people should be given a serious opportunity, adding that the full tax break would apply to up to the threshold of an average salary.
Featured photo by Tibor Illyés/MTI