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11:21 Jan 23, 2017 |
Hungarian to English translations [PRO] Bus/Financial - Law: Taxation & Customs | |||||||
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| Selected response from: Erzsébet Czopyk Hungary Local time: 18:46 | ||||||
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4 | Incomes to be consolidated: Personal income tax base |
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Kifizetői összevonandó jövedelem SZJA alap Incomes to be consolidated: Personal income tax base Explanation: 2. Taxable income Save the exemptions provided by law, all types of income of private individuals are subject to income tax. The Personal Income Tax Act (Act CXVII of 1995 and its amendments, hereinafter PIT) distinguishes between the following categories of income in the case of private individuals: incomes to be consolidated: income from activities other than self-employment, income from activities of self-employment and other incomes to be consolidated; incomes taxed separately: (e.g. income from capital gains, income from private businesses and income from the sale of movable and immovable assets). https://en.nav.gov.hu/taxation/taxinfo/summary_individuals.h... 2.4. Taxable allowances where the tax is to be paid by payer 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 15%. Besides the personal income tax, the payer, employer is obliged to pay 27% health care contribution. SZJA alap = személyi jövedelemadó-alap= Personal income tax base -------------------------------------------------- Note added at 24 mins (2017-01-23 11:45:48 GMT) -------------------------------------------------- 3. Income from private entrepreneurial activities Entrepreneurial withdrawals (the actual remuneration of a private entrepreneur) originating from business activities and recognised as costs must be recorded among incomes to be consolidated. -------------------------------------------------- Note added at 23 hrs (2017-01-24 11:13:47 GMT) -------------------------------------------------- Kifizető is the employer itself, Jilt. -------------------------------------------------- Note added at 23 hrs (2017-01-24 11:14:19 GMT) -------------------------------------------------- you can add 'by the employer' |
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