Mária Lakatos

Taxation in General: Hungarian Tax System

Taxation of interests

These include interests on deposits, yields on debt securities, and exchange gains from the trading of investment certificates.

The following payments are considered as interests: interests paid on the bank deposit, the savings deposit, the yield paid on premium deposit, or the income from the individual insurances. The law further classifies interests as income: the yield paid on publicly traded and traded debt securities (such as government bonds, investment certificates) or the yield paid on, for example, collective investment securities. Also included is income from the redemption or transfer of debt securities. 15 % personal income tax is payable on interest income.

However, in the case of some forms of deposit, one has to pay szocho again after the interest gained.

Taxation in General: Hungarian Tax System

Tartalomjegyzék

Kiadó: Akadémiai Kiadó

Online megjelenés éve: 2022

ISBN: 978 963 664 137 5

Taxation is a scheme for the state to provide revenue. The so collected money could then cover the public spending of the government. These are the so-called allocative and redistributive functions of the state budget. Although, taxation theory discusses the various tax types and analyses the various taxation tools very extensively, there is no absolute answer to the question, when and what type of taxation system would be optimal. Thus this introductory book on taxation deals with the three basic types of taxes - the income tax, the VAT and the corporation tax - in a very pragmatic way. There are legal texts and cases from both the international and also from the relevant Hungarian practice.

This book is recommended not only for students of economics but also for law students and practitioners beside anyone who is interested in the basic regulations of taxation.

Hivatkozás: https://mersz.hu/lakatos-taxation-in-general-hungarian-tax-system//

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