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Tax rebate to impact 1.9 mln parents, Orbán says

Government

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A growth-linked tax rebate for Hungarians raising children will impact 1.9 million parents, Prime Minister Viktor Orbán said in parliament, according to a report by state news wire MTI.

Addressing MPs on the first day of the fall session, Orbán said the tax rebate would be extended to parents who pay their taxes as small business operators.

By February 15, 2022, he said parents would get rebates adding up to HUF 600 billion.

The government earlier announced plans to give personal income tax rebates on earnings up to the average to parents raising children if GDP growth reaches 5.5% in 2021.

Orbán said growth could exceed that threshold, "bar any mishap in the remainder of the year".

He noted that pensioners would get a top-up to match inflation and a premium linked to economic growth. He said experts put the premium at "over HUF 50,000".

He said ongoing negotiations between employers, unions and the government suggest a "good chance" for the minimum wage for unskilled workers to be raised to a monthly HUF 200,000 next year.

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