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Hungary to Reduce Employer Social Tax Contribution Rate

|Proposed Changes|Hungary
Hungary

Legislation has reportedly been submitted to the Hungarian parliament to reduce the employer social tax contribution rate from 22% to 19.5% from 1 January 2018. The social tax, which applies on the gross income of employees, and was already reduced from 27% to 22% in 2017 with a further reduction to 20% scheduled for 2018.

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