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Submitted by JP on Fri, 01/15/2021 - 09:05
Viktor Orbán: People under the age of 25 will receive PIT exemption
Polityka

– Millions of Chinese vaccines could be obtained quickly by the government if the Hungarian health authority allowed it – PM Viktor Orbán said in his usual Friday morning interview on Kossuth Radio. The Prime Minister also announced that from 2022, at the latest, persons under the age of 25 years will be granted exemption from the payment of the personal income tax.


The Hungarian government has started the gradual re-introduction of the 13th monthly pension, so in February the envelope will contain an extra week’s pension. Mr Orbán additionally announced that from 1 January 2022, at the latest, those under the age of 25 years will be granted full income tax exemption. This will cost the budget around HUF 130 to 150 billion, but he believes it is important that, after pensioners, young people, too, should be given a serious chance. He added that it will be worth granting full tax exemption to young people up to the amount of the average earnings. “If we manage this, our entire crisis management system will be complete,” the Prime Minister stated.

Source: Cabinet Office of the Prime Minister



(jap, fot. printscreen/mediaklikk.hu)