Prime Minister of Hungary and leader of the conservative Fidesz party, Viktor Orbán has announced that Hungarians below the age of 25 will not have to pay personal income tax from January 1, 2022 according to Daily Hungary News.
The tax break will cost the budget 130-150 billion forints (EUR 363-420m).
Orbán said that it was important that young people should be given a serious opportunity, adding that the full tax break would apply to up to the threshold of an average salary.
Hungary offers the lowest personal income tax in Europe.
The Fidesz party has been focussing on family friendly polices and all new government policies are stress tested to ensure positive outcomes for families.
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