The right to a tax refund is not lost even if the deadline for submitting the tax return is missed, the amount refunded from the tax goes to all parents with children who are entitled to family discount for at least one day in 2021 - stated the State Secretary of the Ministry of Finance responsible for parliamentary affairs.
Those who are entitled to a refund, but did not indicate it in their tax return, can access the amount of tax refunded for their child after self-checking their tax return, he added.
So far, more than 300,000 parents raising children who are eligible for the family tax refund have submitted their tax returns, this number may increase even further, since the self-assessment can still be submitted until December 31, 2027, in order to receive the tax refund, he said.
András Tállai emphasized that the Hungarian family tax refund is not only a unique measure in the history of domestic taxation, but also on an international level.
He recalled that the range of incomes that form the basis of tax refunds is extremely wide, since not only the tax on income from wages is returned, but also, for example, the tax on the entrepreneur's exemption, the meadow tax, the income from primary producers and the rental of real estate.
According to ekho, taxpayers (simplified public contribution) receive 9.5 percent of the ekho sja, and tax payers (those who pay itemized tax of tax-paying businesses) receive a quarter of the tax they are charged, for example, full-time tax payers can count on HUF 150,000 per year - the state secretary listed.
According to András Tállai, the Hungarian family tax refund is also exemplary due to the wide range of stakeholders, as it goes not only to parents raising children, but also to pregnant mothers and their spouses in 2021, as well as to those entitled to the disability pension and family allowance in their own right.
MTI
Picture: NOE
