Tax Free Fringe Benefit for Bicycle Use in Hungary

  • 1 Jan 2022 9:09 AM
  • Hungary Around the Clock
Tax Free Fringe Benefit for Bicycle Use in Hungary
Bicycles can be provided by employers to be used by their employees as tax-free fringe benefit from January 1, Napi reports.

Electric rollers are not included in the tax-free option but both traditional and electric bicycles are.

It is only the use of bicycles that is tax-free. The company must own them, and the vehicles cannot be donated to the employees.

The bikes can also be used by close relatives of staff members.

The private use of cars provided by employers is still taxed.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

  • New Bridge Between Hungary & Slovakia to Be Build this Year

    New Bridge Between Hungary & Slovakia to Be Build this Year

    • 16 Mar 2022 6:20 AM

    Hungary and Slovakia will complete a new bridge across the River Ipoly before the end of next year, linking Őrhalom in Hungary and Vrbovka (Ipolyvarbo) on the Slovak side, the minister of foreign affairs and trade said on Friday.

  • Second Hungary-Romania Motorway Crossing Inaugurated

    Second Hungary-Romania Motorway Crossing Inaugurated

    • 7 Sep 2020 7:37 AM

    The foreign ministers of Hungary and Romania inaugurated the second motorway border crossing between the two countries. Hungarian Foreign Minister Péter Szijjártó said that the new link was a “shared success”, a basis for building “trust and mutual respect” between the two sides of the border.