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INCOME TAX DONATIONS TO CHARITIES, CHURCHES UP 5% IN 2020

 

Some 2.2 million taxpayers in Hungary opted to donate 1% of their income tax to charities or churches last year, up 5% from 2019. Under Hungary’s tax laws, taxpayers are offered an opportunity to donate 1% of their income tax to NGOs and another percent to churches. Taxpayers in 2020 donated a combined 18.6 billion forints (EUR 51.2m) to some kind of organisation out of a total possible 40.7 billion, finance ministry state secretary András Tállai said.