Hungary Announces 2015 Tax Plans

Hungary's government has recently issued its tax laws proposal for 2015, which will be presented to parliament. The proposal includes:

Employee and Individual Income Tax Related Measures

• An annual tax benefit of HUF 60,000 for newly married couples for 2 years will be introduced
• The tax benefit of HUF 10,000 per child provided for families raising two or more children will be increased to HUF 20,000 per child over a 4 year period
• The tax benefit for employer social contributions will be m…