Opposition vows to fully refund PIT to minimum wage earners

The new government will strive to create a balance between employers and employees and protect workers by guaranteeing them a predictable environment, Socialist Party deputy leader Imre Komjathi told a joint opposition online press conference.

The personal income tax system will be made fairer and lower earners will again be eligible for tax rebates, he said.

Minimum wage earners will be refunded their personal income tax payments in full, leaving them with income of up to 1.5 times the minimum wage, Komjathi said.

He also vowed that the new government would scrap the section of the Labour Code that provides for the possibility of 400 hours of overtime a year, known among the opposition and critics as the “slave law”.

Momentum MP candidate Gyorgy Buzinkay said it was crucial to raise public sector wages and pensions in order to enable Hungary to catch up with more prosperous countries.

He urged the introduction of a European Union minimum wage and stressed the importance of supporting remote and flexible part-time work.

Democratic Coalition MP candidate Jacint Horvath said employers could be best supported in an economic environment where success is determined by the market.

He said the new government would launch a state venture capital and loan guarantee microloan scheme to support small businesses. Companies that invest in Hungary’s least developed regions will also receive government support, he said.