Taxation in Hungary
Tax revenue is distributed to Hungary’s two levels of government: the central government and local authorities. Most of the revenue is earned by VAT and income tax. These taxes are used by federation and States by quota. The Municipalities taxes can use exclusively the revenue of property tax and charges.
Total receipts of tax and insurance in Hungary:
- 37 % - VAT
- 30 % - social and health insurance
- 20 % - personal income tax
- 7 % - corporation income tax
- 6 % - other
Bc. Petr Gola
