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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 
From 6,000-12,000 pengö 
From 12,000-18,000 pengö 
From 18,000-24,000 pengö 
From 24,000-36,000 pengö 
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  0.05 
45  95  0.30  0.10 
95  145  1.30  0.15 
145  150  2.80  0.20 
150  170  10  0.25 
170  320  3.50  10  0.50 
320  360  11  10 
360  405  15  15 
405  450  18  15  1.50 
450  525  22.50  25  2.50 
525  650  30  25 
650  700  45  50 
700  750  50  50 
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 
680  1,280  14  40 
1,280  1,440  44  40 
1,440  1,620  64  60 
1,620  1,800  72  60 
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  0.10 
45  95  0.60  0.20 
95  145  2.60  0.30 
145  150  5.60  0.40 
150  170  10  0.50 
170  320  10 
320  360  22  10 
360  405  30  15 
405  450  36  15 
450  523  45  25 
525  650  60  25 
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 
680  1,280  28  40 
1,280  1,440  88  40 
1,440  1,620  128  60 
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  —  — 
700  1,200  100 
1,200  2,300  12  100 
2,300  3,500  34  100 
3,500  4,000  70  100 
4,000  4,800  95  200 
4,800  5,200  118  200 
5,200  6,400  132  200 
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  1,000 
10,000  20,000  10  2,000 
20,000  40,000  20  4,000 
40,000  120,000  40  5,000 
120,000  180,000  120  5,000 
180,000  220,000  196  5,000 
220,000  230,000  244  10,000 
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  10  0.30 
90–160  1.60  10  0.50 
160–200  10 
200–240  10 

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) 

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