menu close NewsContact Us
English
EnglishHungarian
search close
Global Site close
  • Americas
  • Asia Pacific
  • Europe
  • Middle East and Africa
ArgentinaArubaBahamasBarbadosBoliviaBrazilCanadaCayman IslandsChileColombiaCosta RicaCuracaoDominican RepublicEcuadorEl SalvadorGuatemalaHondurasMexicoPanamaParaguayPeruPuerto RicoSaint MartinSurinameUnited StatesUruguayVenezuela
AfghanistanAustraliaCambodiaChinaFrench PolynesiaHawaiiHong KongIndiaIndonesiaJapanMacauMalaysiaMaldivesMongoliaMyanmarNepalNew ZealandPakistanPhilippinesSingaporeSouth KoreaSri LankaTaiwanThailandVietnam
AlbaniaAndorraArmeniaAustriaAzerbaijanBelgiumBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGeorgiaGermanyGreeceHungaryIrelandItalyKazakhstanLatviaLiechtensteinLithuaniaLuxembourgMaltaMoldovaNetherlandsNorwayPolandPortugalRomaniaSerbiaSlovakiaSloveniaSpainSwedenSwitzerlandTajikistanTurkeyUkraineUnited KingdomUzbekistan
AlgeriaAngolaBahrainCameroonCentral African RepublicCôte d’IvoireEgyptGhanaIraqJordanKenyaKuwaitLebanonLiberiaMaliMauritiusMoroccoMozambiqueNigeriaOmanQatarSaudi ArabiaSenegalSeychellesSierra LeoneSouth AfricaTanzaniaTogoTunisiaUgandaUnited Arab EmiratesYemenZimbabwe
English
EnglishHungarian
Services
close Services
Services
Insights
close Insights
Insights
About Us
close About Us
About Us
Careers
NewsContact Us
search close
Voucher

SZÉP card incentive within the framework of the Economic Protection Action Plan

Kornélia Mitrik
4/30/2020
Voucher
From the date of entry into force of the decree until 31 Dec 2020, the benefits granted to the SZÉP card will be taxed differently and the annual limits will also change.

The overall benefit amount that can be paid with preferential rate by State Institutions in 2020 is the following:

  • HUF 400,000 per year, if the employee's employment lasts throughout the whole year;
  • the proportion of the amount of HUF 400,000 in line with the number of days spent by the employee with the given employer in the tax year on which the benefit is based, in case the employee's employment lasts only part of the year;
  • HUF 400,000 per year, if the employment of the individual is terminated due to the death of the individual.



The overall benefit amount that can be paid with preferential rate by other employers in 2020 is the following:

  • HUF 800,000 per year, if the employee's employment lasts throughout the whole year;
  • the proportion of the amount of HUF 800,000 in line with the number of days spent by the employee with the given employer in the tax year on which the benefit is based, in case the employee's employment lasts only part of the year;
  • HUF 800,000 per year, if the employment of the individual is terminated due to the death of the individual.


The employer does not pay social contribution tax on the amounts qualified as fringe benefits transferred to the SZÉP card between 22 April and 31 Dec 2020.

The amount of HUF 800,000 can be divided between the individual pockets in order to qualify the given amount as fringe benefit as follows: 

  • to the accommodation sub-account of the SZÉP card up to HUF 400,000 per year;
  • to the food and beverages sub-account of the SZÉP card up to HUF 265,000 per year;
  • to the recreational activity sub-account of the SZÉP card up to HUF 135,000 per year.

The amount provided in excess of the limit is taxed as specific benefit.

Under a previous decree, for overdue amounts not spent by 31 May, banks will not charge a fee to the employee until the 60th day after the end of the emergency.