The government is proposing to make household bonds free of the income tax

HUNGARY - In Brief 13 Mar 2019 by Istvan Racz

The finance minister yesterday handed in a proposal to the National Assembly, according to which the interest earned from household bonds, the special kind of government debt that is only available to domestic individuals, would be free of the flat 15% income tax, as regards any new series of such debt issued after June 1, 2019. This proposal fits to the existing policy line of doubling the outstanding stock of household bonds over the next five years. from HUF 7516bn or 26.2% of total central government debt at end-2018.Year end stock and structure of central government debt (in HUFbn)Sour...

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