Employer tax exemptions continue to apply to the tourism and hospitality sector

There will also be an employer tax exemption in May in the tourism, hospitality and leisure sectors; the tax exemption affects more than 130,000 employees – András Tállai informed MTI.

Photo by pixabay.com

The parliamentary secretary of state in the Ministry of Finance highlighted that the government has extended not only the sectoral wage subsidy by one month, but also the employer tax exemption. An important step in relaunching the economy could be tax relief, through which employers in the hospitality and leisure sector, accommodation providers, tour operators and private bus operators will be granted a seven-month tax exemption, underlined András Tállai, according to MTI.

The government has provided assistance to sectors forced to close due to emergency measures that came into effect in early March, extending tax relief to retailers, hairdressers and beauticians in March and April, for example. The first phase of the phasing out of protection measures took effect on April 7, when shops could be opened and services resumed, the Secretary of State recalled.

Despite the fact that almost all services are now available with a protection certificate, the tax relief has been extended by the government for the sectors most exposed to the coronavirus epidemic. These sectors have an important role to play in relaunching the economy, so support is also important and necessary in terms of competitiveness, he emphasized.

Between November 2020 and May 2021, companies operating in the tourism and leisure sector will not have to pay the social contribution tax for employees, the vocational training contribution, the proportional amount of the rehabilitation contribution, and the kiwi after personal payments, the Secretary of State explained.

The sectoral tax credit cannot be lost, it can be used retroactively for several years. If the contractor forgot to apply for the exemption, but the conditions for recourse were met, he could change his declaration at any time during the limitation period with self-verification, he added.

He also pointed out that the almost 20,000 companies concerned could use the benefit as easily as possible with a minimum of administration; you only need to tick the fields created for this purpose in your monthly tax and contribution return. The return for the May period will have to be sent to the tax office by June 12, he said. According to the calculations of the Ministry of Finance, the companies concerned, the employers operating in the 25 sectors listed in Government Decree 485/2020, could save approximately HUF 3 billion.

Source: MTI

Cover image: pixabay.com

Source: Propeller – Saját anyagok by propeller.hu.

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