Published at: 06/03/2014 01:41 pm
These include among others allowances and services provided under the title of representation and business gifts; products and services given to all employees (or, based on employer’s internal regulations, to certain groups of employees) free of charge or at discount prices; meals and other services related to business travel. The tax base shall be 1.19 times the value of the allowance, to be paid by the payer / employer. The tax rate is 16%. Besides the personal income tax, the payer, employer is obliged to pay 27% health care contribution.
The tax base is 1,19 times the value of the allocation which has to be paid by the payer (employer). Tax rate is the flat 16%. Besides the personal income tax, the employer is obliged to pay 14% health contribution.
In case of interest free or low interest loan extended by the employer payable by the payer or the employer. When profit from interest-free or low interest rate loans is established, the base rate of the National Bank of Hungary plus 5 percentage points serves as a benchmark to which the interest actually charged must be compared.
If a company grants its employees shares under an employee stock option scheme approved by the National Tax and Customs Administration, no taxable income is generated if the total regular market price of the securities thus acquired is lower than HUF 1 million.