TAX LAW CHANGES 2021
5.
Personal income tax
Tax exemption of epidemiological screening
Irrespective of the date of the benefit, the epidemiological screening becomes tax-exempt.
Accordingly, no taxable income should be calculated even if a screening test paid by the employer was carried out during the first wave of the coronavirus pandemic. The provision will enter into force this year, the day after the promulgation of the law, and can be applied retroactively.
Personal tax allowance
A new legal solution has been introduced for the personal allowance. From 1 January 2021, the personal allowance can be claimed as a tax base allowance in the order following the allowance for mothers raising four or more children, but before the allowance for first marriage and the family allowance, instead of the tax allowance.
The amount of the tax benefit actually available has not changed, the tax base discount is one third of the minimum wage (33%), which is equal to the monthly tax credit that can be enforced according to the previous rules, amounting to 5% of the minimum wage (currently HUF 8,050).
SZÉP Card
As of January 1, 2021, the recreational budget of the Széchenyi Pihenő Card will become uniform (as a rule, HUF 450,000), no different rules will apply to state organizations from now on. The part above the budget is taxable as a fringe benefit.
Please note that the employer support for the SZÉP Card in order to address the economic consequences of the coronavirus, as well as the rules for increasing the recreational budget, as well as the rules for exemption from social contribution tax for such benefits in 2020 remain in force until 30 June 2021.
