Significant relief is included in the government’s fall tax package, which was presented to Parliament by the Treasury on Tuesday afternoon. Based on the proposal, the tax authority will be able to prepare the VAT return next year.

The system of personal allowances for people with chronic diseases will change if Parliament approves the new tax package presented on Tuesday: while until now 5 percent of the minimum wage could be deducted from the consolidated tax base, in the future it could be deducted one third of the minimum wage of the consolidated tax base. The slightly complicated wording covers basically the same amount: according to the new rule, this year’s minimum wage, rounded to one hundred florins, is 53,700 florins, after which the 15 percent income tax on florins it is the same as the current discount of 8050 guilders. In addition to simplifying accounting, the situation is better because contributions are also calculated on the basis of a lower tax base.

The corporate tax credit system will also be affected by the simplification, which will remove the 10 billion HUF limit on the development reserve of companies next year.

A major advantage is that the base of the small business tax (which is reduced to 11% according to a previous decision) can be HUF 3 billion instead of HUF 1 billion in the future, and the taxpayer will cease if it reaches the 6000 million HUF or the tax debt registered for the year. in the end it exceeds a million. Kata austerity is also somewhat softened: the measure requiring the payment of a 40 percent tax on income received from an affiliated company will be modified so that the tax base will be 71.42 percent of income.

It affects a wide range of taxpayers that the tax authority prepares drafts of VAT returns in the same way as the personal income tax. This may be possible because all invoices must be notified to NAV from July of this year and from next year. However, it is important that the tax authority awaits the taxpayer’s participation in the draft, because only he can organize the tax deduction. The amendment to the VAT Law will also allow the tax on bad debts to be reduced from next year, even for debts not related to VAT.

The point has been included in the proposal, which is by far the most important for the government and is generally touted as a victory in the “brandy war of independence.” Once the union has gone to the extreme of not paying excise duty on a brewery of up to 50 liters a year and a private brewery of up to 86 liters, this will quickly be transposed into law; yes, the justification mentioned is even mentioned in the explanatory memorandum.

But to ensure that sinful pleasures are not tax-free, the excise duty on tobacco products will increase again: from January 1 to the end of March, HUF 24,000 per thousand and 23 percent of the retail price, but at minus HUF 37,300 per thousand, and from April 26 to April 39. 300 florins will be equal.

In the case of the car tax, the change is that the NAV will be liable instead of the local government. As long as the fee issuance rate remains at 3,000 HUF, the range of tax-free cases will continue to grow. Although the contribution to tourism development does not have to be paid this year, it will cease next year if the taxpayer provides an indirect service. As calculated by the PM, this could leave HUF 3 billion for businesses.

The amount of payment benefits also increases: trustworthy taxpayers can request an installment payment of HUF 3 million once a year instead of one and a half million florins, in the case of natural persons this upper limit increases from 500 one thousand to one million florins.

Significant business tax breaks are also included. This is because construction activities that last less than 180 days will no longer be subject to the business tax on temporary activities next year. Approximately 94,000 companies with more than one location will also benefit in 2021, as they will not have to submit their local business tax returns to all affected municipalities, it will be enough to send one to the National Tax and Customs Board.

The proposal is available here.



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