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Have four or more babies in Hungary and you’ll pay no income tax for life, prime minister says

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CNBC
February 11, 2019

Hungary’s prime minister has announced a raft of measures aimed at boosting the country’s declining birth rate and reducing immigration.

Giving his annual State of the Nation address Sunday, Hungarian Prime Minister Viktor Orban announced a seven-point “Family Protection Action Plan” designed to promote marriage and families.

Measures announced included waivers on personal income tax for women raising at least four children for the rest of their lives and subsidies for large families to buy larger cars. The ‘action plan’ also extended a loan program to help families with at least two children to buy homes. Every woman under 40 will also be eligible for a preferential loan when she first gets married.

The government has also said it will spend more on Hungary’s heathcare system and will create 21,000 creche places. In addition, grandparents will be eligible to receive a childcare fee if they look after young children instead of the parents, Orban said.

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This article was posted: Monday, February 11, 2019 at 6:45 am





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