Vocational training contributions from 1 January 2021

Almost at the last minute, on 28 January, a government decree finally “adjusted” the new rules applicable to the tax base for vocational contributions, as in effect from 1 January 2021.

On the basis of the original rules, from the first day of the new year, vocational training contributions should have been due after what is commonly referred to as in-kind benefits, but even after amounts transferred to the SZÉP Cards of employees. This latter aspect of the new rule seemed particularly weird, since no social contribution tax is payable after benefits paid via SZÉP card until 30 June 2021, due to the current state of emergency. 

To read the whlole newsletter below.

Document

Tax Newsletter 2021/05.

Tax Newsletter 2021/05.