As discussed in our earlier newsletter, (in accordance with Government Decree 140/2020 promulgated as a part of the Economy Protection Action Plan) employers do not have to pay social contribution tax for benefits provided via SZÉP Cards in the period between 22 April and 30 June 2020. It is good news that Government Decree 225/2020 enacted on 22 May 2020 extends the social contribution tax exemption for SZÉP Card benefits until 31 December 2020. Therefore, until the end of this year the tax burden on such benefits remains 15%.

We do hope that we could be at your service with this information. Should you have any further queries, please feel free, to contact us!