The amount transferred to the SZÉP card may have a more favorable tax for another half year

By: Trademagazin editor Date: 2020. 10. 26. 10:32

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The social contribution tax exemption of the amount transferred to the Széchenyi Pihenő Card (SZÉP card) may be extended again until 30 June 2021. The Legislative Committee of the National Assembly adopted an amendment to this effect to the package of laws related to pandemiological measures.

Originally, this year, by the end of June, the employee had to pay only 15 percent personal income tax on the amounts received on SZÉP cards, not the then 17.5 percent social contribution tax (the tax rate has now been reduced to 15.5 percent). Later, this was postponed until the end of the year, and the current change will provide more favorable taxation for another half year. (MTI)