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Tax-free Minimum Wage to Be Included in Opposition’s Electoral Program

Hungary Today 2021.05.20.

The joint opposition’s electoral program will definitely include the tax-free minimum wage in the form of a tax credit, atv.hu reported, following Socialist MP László Szakács’s statement on a talk show on Tuesday.

According to the MSZP politician, those earning the minimum wage would take home around HUF 25,000 (EUR 71) more per month.

Fact

After the usual wage talks at the beginning of the year, the monthly minimum wage for unskilled workers now amounts to HUF 167,400 (EUR 476), while skilled workers receive HUF 219,000 (EUR 623).

This tax credit would only go to those whose salary is less than the so-called median wage (currently: HUF 321,000/ EUR 914), Szakács said. According to his calculations, at the moment, roughly 2.3 million people’s salaries remain below this threshold, making them eligible for the tax credit.

featured image: Szakács in the Parliament; via Attila Kovács/MTI