US EditionWomen with two children exempted from income tax in Hungary
- On Tuesday, Hungary approved a law that will relieve income tax obligations for mothers of two or three children, effective from this October.
- The law addresses ongoing population decline and continues the efforts of Viktor Orban’s government, which has pursued nationalist policies since 2010 to encourage higher birth rates.
- The policy grants lifetime income tax exemption for mothers of two under 40 from next year and will expand benefits to all mothers of at least two by 2029.
- The government has acknowledged that the program will cost 2.38 billion euros by 2029, while Hungary's birth rate stood at 1.31 children per woman as of March, falling short of the 2.1 goal set for 2035.
- Orban described the initiative as Europe's biggest tax reduction program aiming to reverse population decline, but economists warn it poses a substantial budget challenge.
27 Articles
27 Articles
The Hungarian Parliament has adopted a proposal by Prime Minister Viktor Orban to exempt all women with at least two children from tax. This "family-oriented economic policy" must revive the birth rate in the country. (International).
As part of Viktor Orban's nativeist policy, the Hungarian Parliament adopted on Tuesday a package of measures providing for a lifetime tax exemption for all mothers with at least two children as reported by CNews. Starting next year, this measure will first concern women under 40 years of age, before gradually expanding to mothers over 60 years of age by 2029, according to the text voted by a large majority.Since 2020, only mothers with four or …
The Hungarian Parliament is extending the lifetime tax exemption to mothers with two children to support the birth rate in the face of population decline.
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