Minister of Finance Mihály Varga announced on his social media page that the Economy Cabinet decided on a HUF 750 billion tax cut.
"We will continue to reduce taxes on work: from January 1, the social contribution tax rate will be reduced by 2.5 percentage points,
the 1.5 percent vocational training contribution will be abolished, the small business tax rate will be reduced to 10 percent, and we will also extend the discount for small and medium-sized enterprises in the local industry in tax, so they will pay a maximum of 1 percent tax next year as well.
The total amount of tax cuts this year and next will reach HUF 2,000 billion."
2022plus: Even before someone winks. saying that these changes do not affect us, we point out that the reduction of all expenses burdening work and wages improves the labor market situation, makes improvements possible, and can increase the number of jobs. The policy of tax reduction over the past 12 years has shown that, contrary to the claims of the globalists, these steps did not reduce, but rather increased the revenues of the budget and stimulated the development of the economy.
Source: facebook
(Cover photo: MTI/Noémi Bruzák)
