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Employer Housing Support Thresholds to Rise in Hungary

• 15 Nov 2024 12:17 PM

The government will raise the amount of housing support, with tax preferences, employers may offer their workers, Gergely Gulyas, the head of the Prime Minister's Office said at a regular press briefing.

Tax preferences on the employer housing support will apply to a monthly HUF 150,000 per employee, or HUF 1,800,000 per year, on top of the HUF 450,000 annual sum allowed under existing rules, Gulyas said.

Employees under 35 are eligible for the support for rent or home loan repayments, he added.

He noted that the tax preferences on the HUF 150,000 of monthly housing support would be equivalent to those for employer top-ups for the SZEP voucher card.

Gulyas said the measure would support government efforts to ensure housing affordability.

Source: 
MTI - The Hungarian News Agency, founded in 1881.

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