As of 2016, the rate of personal income tax has been reduced from 16 percent to 15 percent in Hungary. This measure is expected to be another step towards improving the competitiveness of the Hungarian taxation system. According to projections of the Ministry for National Economy, in comparison to 2010 taxpayers will keep more than HUF 850bn extra in the year 2016. The Government endeavours to cut the rate of personal income tax further in this parliamentary term and reach a single-digit figure by 2018.

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(Ministry for National Economy)