Annex

TARIFF OF DIRECT AND ASSIMILATED TAXES

I. TAX ON LANDED PROPERTY1

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20 per cent of the cadastral net income.

II. TAX ON BUILDINGS2

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17 per cent in Budapest
16 per cent in other cities	of gross income.
14 per cent in villages

III. TAX ON PROFITS3

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5 per cent of net income4

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IV. COMPANY TAX5

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1. Share companies, partnerships with share capital, limited liability companies, mining companies, co-operative societies with profits exceeding 6 per cent of their capital, railways, savings banks and financial institutions:

               

16% if the profits do not exceed	10% of the company’s capital.
18% if the profits represent	10-15% of the company’s capital.
20% if the profits represent	15-20% of the company’s capital.
22% if the profits represent	20-25% of the company’s capital.
24% if the profits represent	25-30% of the company’s capital.
26% if the profits represent	30-35% of the company’s capital.
28% if the profits represent	35-40% of the company’s capital.
30% if the profits exceed	40% of the company’s capital.

2. State enterprises and public corporations:

                 

Amount of Profits	Rate of Tax Percentage
Not exceeding 6,000 pengö	5
From 6,000-12,000 pengö	6
From 12,000-18,000 pengö	7
From 18,000-24,000 pengö	8
From 24,000-36,000 pengö	9
From 36,000-48,000 pengö	10
From 48,000-60,000 pengö	12
Above 60,000 pengö	15

Company tax is increased by an additional tax equal to 40 per cent of its amount (Ordinance No. 1390 M.E. of 1933).

V. TAX ON DIRECTORS’ PERCENTAGES1

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Taxable Amount	Rate of Tax Percentage
Not exceeding 3,000 pengö	16
Between 3,000 and 10,000 pengö	20
Over 10,000 pengö	25

Directors’ percentages are, in addition, liable to a special tax on directors’ percentages whose tariff is the same as that of the special tax on salaries and wages2 and has been likewise increased by 25 per cent (Ordinance No. 1390 M.E. of 1933). ^note

VI. TAX ON DIVIDENDS3

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0.5 per cent of the dividends.

VII. TAX ON INTEREST4

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10 per cent of the taxable income.

VIII. TAX ON SALARIES AND WAGES1

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AMOUNT OF TAXABLE INCOME (In pengö)		AMOUNT OF TAX (In pengö)
		Tax corresponding to the amount of income equal to the first figure of the “income” column	Amount of tax corresponding to the part of income exceeding the first figure of the “income” column (to be calculated by slices)
Between	And		Amount of the slices	Amount of tax corresponding to each slice or part of slice
1. Salaries exceeding 20 pengö per week:
20	45	0.10	5	0.05
45	95	0.30	5	0.10
95	145	1.30	5	0.15
145	150	2.80	5	0.20
150	170	3	10	0.25
170	320	3.50	10	0.50
320	360	11	10	1
360	405	15	15	1
405	450	18	15	1.50
450	525	22.50	25	2.50
525	650	30	25	3
650	700	45	50	5
700	750	50	50	6
2. Salaries exceeding 80 pengö per month:
80	180	0.40	20	0.20
180	380	1.60	20	0.40
380	580	5.20	20	0.60
580	600	11.20	20	0.80
600	680	12	40	1
680	1,280	14	40	2
1,280	1,440	44	40	4
1,440	1,620	64	60	4
1,620	1,800	72	60	6
1,800	2,100	90	100	10
2,100	2,600	120	100	12
2,600	2,800	180	200	20
2,800	3,000	200	200	24
3,000	and above	224	200	15

IX. SPECIAL TAX ON SALARIES AND WAGES1

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Note. Under Ordinance No. 1390 M.E. of 1933, the rates below should be increased by 25 per cent.

                                                                     

AMOUNT OF TAXABLE INCOME (In pengö)		AMOUNT OF TAX (In pengö)
		Tax corresponding to the amount of income equal to the first figure of the “income” column	Amount of tax corresponding to the part of income exceeding the first figure of the “income” column (to be calculated by slices)
Between	And		Amount of the slices	Amount of tax corresponding to each slice or part of slice2
1. Salaries exceeding 30 pengö per week:
30	35	0.40	—	—
35	45	0.40	5	0.10
45	95	0.60	5	0.20
95	145	2.60	5	0.30
145	150	5.60	5	0.40
150	170	6	10	0.50
170	320	7	10	1
320	360	22	10	2
360	405	30	15	2
405	450	36	15	3
450	523	45	25	5
525	650	60	25	6
650	900	90	50	10
900	1,700	140	100	20
1,700	2,500	300	100	25
2. Salaries exceeding 120 pengö per month:
120	140	1.60	—	—
140	180	1.60	20	0.40
180	380	2.40	20	0.80
380	580	10.40	20	1.20
580	600	22.40	20	1.60
600	680	24	40	2
680	1,280	28	40	4
1,280	1,440	88	40	8
1,440	1,620	128	60	8
1,620	1,800	144	60	12
1,800	2,100	180	100	20
2,100	2,600	240	100	24
2,600	3,600	360	200	40
3,000	6,800	560	400	80
6,800	10,000	1,200	400	100

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3. Salaries exceeding 10,000 pengö per month:

20 per cent of the taxable amount in the case of taxpayers other than public officials. 10 per cent in the case of public officials.

X. INCOME TAX1

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1. Normal Rate

                                                                                     

AMOUNT OF TAXABLE INCOME (In pengö)		AMOUNT OF TAX (In pengö)
		Amount of tax corresponding to the amount of income equal to the first figure of the “income” column	Amount of tax corresponding to the part of income exceeding the first figure of the “income” column (to be calculated by slices)
Between	And		Amount of the slices	Amount of tax corresponding to each slice or part of slice
(a) Income not exceeding 360,000 pengö:
600	700	7	—	—
700	1,200	7	100	1
1,200	2,300	12	100	2
2,300	3,500	34	100	3
3,500	4,000	70	100	5
4,000	4,800	95	200	6
4,800	5,200	118	200	7
5,200	6,400	132	200	8
6,400	11,200	180	200	10
11,200	12,000	420	200	15
12,000	17,400	480	300	20
17,400	18,000	840	300	30
18,000	20,000	900	400	40
20,000	23,000	1,100	500	40
23,000	27,000	1,340	500	50
27,000	34,000	1,740	500	60
34,000	35,000	2,580	500	70
35,000	36,000	2,720	500	80
36,000	49,000	2,880	1,000	120
49,000	60,000	4,460	1,000	140
60,000	75,000	6,000	1,000	160
75,000	76,000	8,700	1,000	260
76,000	82,000	8,960	2,000	280
82,000	96,000	9,800	2,000	400
96,000	100,000	12,480	2,000	500
100,000	105,000	13,480	2,500	500
105,000	107,500	14,480	2,500	520
107,500	120,000	15,000	2,500	600
120,000	140,000	18,000	5,000	2,000
140,000	180,000	26,000	10,000	2,500
180,000	210,000	36,000	10,000	2,700
210,000	220,000	41,100	10,000	2,800
220,000	230,000	47,000	10,000	2,900
230,000	240,000	49,800	10,000	3,000
240,000	280,000	52,800	20,000	5,800
280,000	320,000	64,400	20,000	6,600
320,000	360,000	76,800	20,000	6,600
(b) Income exceeding 360,000 pengö:
Amount of tax corresponding to the part of income which does not exceed 360,000 pengö				90,000 pengö.

Amount of tax corresponding to the part of income which exceeds 360,000 pengö:

                                                               

AMOUNT OF TAXABLE INCOME (In pengö)	SLICES OF INCOME (In pengö)	RATE APPLICABLE TO EACH SLICE (In pengö)
	Between	And
360,000	380,000	20,000	25.5
380,000	400,000	20,000	26
400,000	425,000	25,000	26.5
425,000	450,000	25,000	27
450,000	475,000	25,000	27.5
475,000	500,000	25,000	28
500,000	525,000	25,000	28.5
525,000	550,000	25,000	29
550,000	575,000	25,000	29.5
575,000	600,000	25,000	30
600,000	625,000	25,000	30.5
625,000	650,000	25,000	31
650,000	675,000	25,000	31.5
675,000	700,000	25,000	32
700,000	725,000	25,000	32.5
725,000	750,000	25,000	33
750,000	775,000	25,000	33.5
775,000	800,000	25,000	34
800,000	825,000	25,000	34.5
825,000	850,000	25,000	35
850,000	875,000	25,000	35.5
875,000	900,000	25,000	36
900,000	925,000	25,000	36.5
925,000	950,000	25,000	37
950,000	975,000	25,000	37.5
975,000	1,000,000	25,000	38
1,000,000	1,050,000	50,000	38.5
1,050,000	1,100,000	50,000	39
1,100,000	1,200,000	100,000	39.5
1,200,000	above		40

2. Increased Rate

The increased rate varies according to the amount of the normal tax, but it is always approximately 10 per cent higher than the normal rate.

3. Additional Tax1

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60 per cent of the basic amount.

XI. PROPERTY TAX1

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1. Ordinary Tax

                                                                                             

AMOUNT OF TAXABLE PROPERTY (In Pengö)		AMOUNT OF TAX (In pengö)
		Amount of tax corresponding to the amount of property equal to the first figure of the “property” column	Amount of tax corresponding to the part of property exceeding, the first figure of the “property” column (to be calculated by slices)
Between	And		Amount of the slices	Amount of tax corresponding to each slice or part of slice2
5,000	10,000	6	1,000	1
10,000	20,000	10	2,000	2
20,000	40,000	20	4,000	4
40,000	120,000	40	5,000	5
120,000	180,000	120	5,000	6
180,000	220,000	196	5,000	8
220,000	230,000	244	10,000	9
230,000	240,000	253	10,000	13
240,000	400,000	266	10,000	14
400,000	415,000	490	15,000	14
415,000	460,000	504	15,000	16
460,000	475,000	552	15,000	18
475,000	535,000	570	15,000	20
535,000	955,000	650	15,000	25
955,000	970,000	1,350	15,000	30
970,000	1,000,000	1,380	15,000	40
1,000,000	1,100,000	1,460	25,000	40
1,100,000	1,125,000	1,620	25,000	50
1,125,000	1,175,000	1,670	25,000	55
1,175,000	1,825,000	1,780	25,000	60
1,825,000	2,000,000	3,340	25,000	80
2,000,000	2,300,000	3,900	25,000	100
2,300,000	2,800,000	4,500	50,000	150
2,800,000	3,300,000	6,000	50,000	160
3,300,000	3,850,000	7,600	50,000	180
3,850,000	5,200,000	9,400	50,000	200
5,200,000	6,850,000	15,000	50,000	300
6,850,000	7,050,000	24,600	50,000	400
7,050,000	8,475,000	26,400	75,000	400
8,475,000	9,900,000	34,000	75,000	500
9,900,000	10,800,000	43,500	100,000	500
10,800,000	12,000,000	48,000	100,000	1,000
12,000,000	12,750,000	60,000	150,000	1,000
12,750,000	13,050,000	65,000	150,000	1,500
13,050,000	14,400,000	68,000	150,000	2,000
14,400,000	15,000,000	86,000	150,000	3,000
15,000,000	15,500,000	98,000	250,000	3,000
15,500,000	17,000,000	104,000	250,000	4,000
17,000,000	17,500,000	136,000	250,000	6,000
17,500,000	18,000,000	154,000	250,000	8,000
18,000,000	18,500,000	162,000	500,000	8,000
18,500,000	19,000,000	170,000	500,000	15,000
19,000,000	20,000,000	185,000	1,000,000	15,000
20,000,000	above	200,000	100,000	1,000

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2. Additional Tax on Property1

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The rate of the additional tax on property is equal to 100 per cent of the normal tax on property.

XII. TAX FOR THE SUPPORT OF DISABLED1

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Note. Under Ordinance No. 1390 M.E. of 1933 the rates below should be doubled.

1. Rate of the Tax for the Support of Disabled when it is levied on the Basis of Taxes Other than the Tax on Salaries and Wages. (In pengö.)

                   

Amount of the basic tax	Amount corresponding to the basic tax corresponding to the first figure of the “amount of tax” column	Amount corresponding to the part of tax exceeding the first figure of the “tax” column (to be calculated by slice)
		Amount of the slices	Amount of tax corresponding to each slice
0–10	0.10	—	—
10–30	0.10	10	0.10
30–40	0.30	10	0.15
40–70	0.45	10	0.20
70–90	1	10	0.30
90–160	1.60	10	0.50
160–200	5	10	1
200–240	9	10	2

2. When the Tax is computed on the Basis of the Tax on Salaries and Wages

(a) In the case of the tax on salaries and wages being payable weekly:

           

Amount of the basic tax (in pengö)	Amount of the tax for the support of disabled (in pengö) per week
Not exceeding 2	0.02
Between 2 and 3	0.05
Between 3 and 4	0.10
Between 4 and 5	0.15
Over 5	0.04 (for each pengö or fraction of pengö)

(b) In the case of the tax on salaries and wages being payable monthly:

         

Amount of the basic tax (in pengö)	Amount of the tax for the support of disabled (in pengö) per month
Not exceeding 8	0.10
Between 8 and 12	0.20
Between 12 and 16	0.40
Between 16 and 20	0.60 (for each slice of 5 pengö or fraction of slice)