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Home Hungry

Hungary planning to convert voucher system

byCT Report
16/03/2016
in Hungry
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BUDAPEST: The government is in talks with representatives of employers on how to retain some of the benefits of the current voucher system which is to be scrapped from next year, cabinet chief Antal Rogán said here the other day.

Noting the European Union’s censure of Hungary’s unified voucher system, Prime Minister Viktor Orbán recently said a solution would be for employers to convert vouchers into cash payments from Jan. 1, next year.

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Rogán said creating a new system was currently under review in cabinet meetings and the goal was to keep the possibility of offering employers the chance to pay a part of wages under lower tax conditions or to allow them to hike wages with no tax burden at all. However, pensions would not be paid after this part of the salary, he said.

The voucher system as it is known now would also perhaps continue in some other form, possibly as a part of a subsidy scheme for children’s camps or tourism development, Rogán added.

 

 

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