Unlike previous years of tightening, 2016 brought a single and welcome change: the PIT rate decreased from 16% to 15%. This reduced fringe benefit tax burdens as follows:

  • Fringe benefit tax: from 35.7% to 34.51%
  • "Certain specified benefits" tax: from 51.17% to 49.98%

The fundamental cafeteria rules remain unchanged. Key reminders:

1. The annual cap on fringe benefits excluding SZÉP Card is HUF 200,000 net. 2. The annual cap on all fringe benefits including SZÉP Card is HUF 450,000 net.

Tax-exempt benefits

Tax-exempt benefits
BenefitTax-free limitAnnual/Monthly?
Risk insurance (life, accident, health)jointly HUF 33,300 (30% of min. wage)monthly
Housing supportHUF 5 millionper 5 years
Cultural servicesHUF 50,000annual
Sports event ticketsunlimited
Nursery servicesunlimited

Fringe benefits (tax burden: 34.51%)

Fringe benefits (tax burden: 34.51%)
BenefitPreferential limitAnnual/Monthly?Note
SZÉP hospitality sub-accountHUF 150,000annualFor hot meals
SZÉP accommodation sub-accountHUF 225,000annualFor accommodation services
SZÉP leisure sub-accountHUF 75,000annualFor leisure, recreation, health preservation
Erzsébet voucherHUF 8,000monthlyFor cold and hot meals
Workplace cateringHUF 12,500monthlyAt employer's canteen
School start supportHUF 33,300 per childannual
Formal educationHUF 277,500annual
Voluntary health fund contributionHUF 33,300monthly
Voluntary pension fund contributionHUF 55,500monthly
Local transport passup to pass pricemonthly