What is personal income tax?
Personal income tax (PIT) is a direct tax on the income earned by individuals. In Hungary, it applies to all residents who earn taxable income and is one of the main sources of government revenue.
Which incomes are subject to PIT?
- Salaries and wages
- Sole proprietorship income
- Rental income from property
- Dividends, interest, capital gains
- Certain prizes and fringe benefits
Rate and filing
The PIT is charged at a flat 15% rate. Individuals must file their annual return by May 20 of the following year, unless they accept the draft return prepared by the tax authority.
Official definition
Personal income tax is a flat-rate direct tax imposed on the income of individuals.
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