The drafts of the Hungarian Personal Income Tax Returns
prepared by the Tax Authority are available from 1st of March

The deadline for preparing PIT tax returns is 15th of March, however this year the Hungarian Tax Authority made the draft of the PIT tax returns available two weeks earlier.

 Many people did not get their family PIT refund back in February for various reasons (e.g.: the employee claimed any tax allowance during the year or change of job during the year), they can claim the refund by modifying and finalizing this draft PIT.

Another good news is that the Hungarian Tax Authority has significantly accelerated the 30-day money transfer process, so it will pay the return tax to the families out of turn, even within two weeks of submitting the return.

The draft returns are available electronically on the eSZJA portal (https://eszja.nav.gov.hu). Drafts can be approved and edited on a desktop computer or on any smart device, tablet or phone. Anyone who agrees with the details of the draft and does not need to add anything to it has no further action, and on 20th of May (submission deadline of PIT), the draft becomes a PIT return.

If you have earned other income (e.g.: share distribution, property sales, renting out housing etc.), it is definitely worth checking out the correct taxation and preparing the PIT return accordingly!

3 March, 2022

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Should you have any questions regarding this newsletter,
the tax experts of VGD Hungary will be pleased to assist you.

This newsletter provides general information and does not constitute tax advice