In January of this year, the government reduced taxes by HUF 1,500 billion, Minister of Finance Mihály Varga announced on his Facebook page on Saturday, now presenting the results of the economy in a series, summarizing the past 3 government cycles. The numbers are now talking about taxes!
The head of department in a table - which has the Let the numbers speak! gave a title - he compared the tax situation in 2009 with that of 2022, presenting the tax reductions implemented since 2010.
He highlighted: the social security tax was 36 percent in 2009, this year it is 15 percent, and young people under the age of 25 receive a social security exemption, as do mothers with four or more children.
The family tax allowance was HUF 12 billion in 2009, while this year it is HUF 980 billion. The public burden deducted from the wages of retired employees amounted to 49.5 percent in 2009, and is currently 15 percent.
The corporate tax rate was then 20 percent, now it is 9 percent.
Mihály Varga also included in the table that the amount of the simplified public health contribution (ekho) charged to the payer will be reduced to 13 percent. This was 20 percent in 2009. The employer's tax is 15 percent this year, after 33.5 percent at the time.
This year, the value limit for subject exemption in VAT was raised to HUF 12 million, the value limit in 2009 was HUF 5 million, he explained.
The administration fee in 2022 will be HUF 0, while in 2009 it was HUF 2,200, the inheritance and gift tax of direct relatives and spouses has been abolished, while in 2009 it was 15-21 percent.
The rate of tax evasion in VAT decreased from 22.3 percent in 2010 to 6.1 percent by 2020, the minister pointed out.
Source: MTI/Facebook
Featured image: portfolio.hu
