Tax laws passed

The tax-free allowance for families with children will be increased in two stages from next year. From 1 July 2025, the tax allowance per child will increase by 50% and from 1 January 2026 by a further 50%.

Following the amendment to the tax laws, 50% of the money transferred to the SZÉP recovery card can be used for home renovations. Employers will also be able to grant rent subsidies of up to 150,000 forints per month in the coming year.

Inflation determines increase

Many taxes will increase each year by the average inflation rate of the previous year, including excise duty. For tobacco products and certain energy products, whose tax rates will increase again in 2025, valorisation will not begin until 2026. From next year, company car tax will increase by around 20%, and the amendment will introduce an inflation-linked valorisation rule for both vehicle tax and company car tax. The registration tax will be adapted to these rules so that from 1 January 2025, the tax exemption or reduction that previously applied to plug-in hybrid and hybrid vehicles will also no longer apply to this tax category.

Heavy fine for Gyurcsány

The MPs also imposed a fine of more than 14 million forints on DK Chairman Ferenc Gyurcsány at the suggestion of Parliament President László Kövér. The sum corresponds to the amount of his parliamentary salary for four months.

Gyurcsány had described Orbán and his government as traitors to the country at a parliamentary session at the end of September. Kövér then called him to order. Gyurcsány countered that Kövér was behaving like the worst party secretary. Kövér then cut him off and switched off the microphone.