New Personal Income Tax Exemption for Mothers in Hungary

New Personal Income Tax Exemption for Mothers in Hungary

Hungary
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The personal income tax exemption for mothers with four or more children will come into effect as of January 2020. In connection with the seven-step family protection action plan starting on 1 July 2019, this is another significant benefit for mothers. The tax exemption does not affect the family tax advantage, which can still be claimed by both parents.

Based on the new provisions, those women will be exempt from paying personal income tax until the end of their lives, who raise/raised four or more children, and those who will have at least four children after 1 January 2020.

Currently about 40,000 mothers may be affected by the new regulation

By Eszter Kamocsay-Berta, Managing Partner, KCG Partners Law Firm