Home » News » Novák: the gyed can be gross 280 thousand, the gyed net 180 thousand

Novák: the gyed can be gross 280 thousand, the gyed net 180 thousand

94 percent of those who completed the national consultation agree with raising the amount of the minimum wage, so the government supports a minimum wage of HUF 200,000 in Hungary next year, Katalin Novák said, according to MTI. If this is realized, the maximum amount of the gyed will reach HUF 280 thousand gross, in the case of the undergraduate student education it will increase to HUF 140 thousand gross, the really and will be HUF 180,000 net.

The gyed would increase more than two and a half times compared to 2010, and the student gyed would be double the amount at the time of introduction.

They are making a huge payout

Regarding the PIT refund for parents raising a child, the minister said that with 5.5 percent economic growth, small businesses and taxpayers under the simplified public burden-sharing contribution (ekho) could also claim a quarter of their itemized tax. The measure could affect 1.9 million parents and would mean HUF 600 billion to the budget, Viktor Novb Orbán repeated on Monday, adding that a taxpayer can reclaim a maximum of HUF 800,000.

He answered questions about the PIT refund for parents raising a child: both parents can claim the tax back, but negotiations on the detailed rules are still ongoing, so they will provide information about them later.

They also give another loan

Katalin Novák also reported that the Magyar Nemzeti Bank’s Green Home program will be launched in October – in which a loan of up to HUF 70 million with an interest rate of 2.5 per cent can be applied for in the construction of an energy-efficient home – and the related interest-free green chocolate loan.

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