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Relevant legal regulation

Act CXVII of 1995

70. § (1) Taxes for income resulting from certain benefits in kind are to be paid according to the regulations listed in Paragraph 71.
(5) The following are considered income as mentioned Article 1
a) from the monthly contribution transferred by the employer for the private individual
ab) for the voluntary mutual health fund(s)/self-supporting fund(s) that together equal to 30 percent of the minimum wage,
in the case according to point a) if the private individual makes a statement that on the given title
in the business year he did not have other income as described in point a) from other contributor, furthermore, if the contributor transfers the contribution monthly or – indicating the sums relevant to each month – several months ahead or posteriorly for maximum three months in full with the following being valid:
1. the contribution in case of a private individual is the income received based on the month(s) relevant to the reported sums;
2. the contributor makes statement on and pays the tax (calculated by taking into consideration point 1.) in accordance with the regulations relevant to the months corresponding to the stated amounts and in the volume set in these regulations; in case of transferring them ahead he shall pay the tax as an obligation relevant to the official month of the transfer; in case of a posterior transfer the contributor shall pay the tax relevant to the month during which the transfer has been made.

71. § (1) The provider of the income has to pay 25% tax of the income of the private individual, resulting from the benefits defined by the conditions listed in the regulation of Paragraph 70 and within the limits set there.

Provision on the tax

44/A. § (1) The private individual, being a member of the voluntary mutual insurance fund can dispose with transferring the amounts set below, which are relevant to the amount that remains from the tax of his contracted rateable value after the deduction of tax benefits, based on his tax statement; in case his tax statement is prepared by his employer based on the statement received by the employee from the employer (voluntary mutual fund statement):
a) the sum paid by him during the business year for the voluntary mutual pension fund(s) under the title of his legal relationship being a fund member, furthermore, 30% percent of the joint value of the sum that counts as his extra income received by him during the business year in accordance with this regulation, credited on his individual account, but a maximum of HUF 100 000 in the business year (by the private individual who reaches the retiring are that is authoritative to him based on the valid regulation, before 1st of January, 2020 this limit is set at HUF 130 000),
b) the sum paid by him during the business year for the voluntary mutual healthcare fund(s) and self-supporting fund(s) under the title of his legal relationship being a fund member, furthermore, 30% percent of the joint value of the sum that counts as his extra income received by him during the business year in accordance with this regulation, credited on his individual account, but in a maximum of HUF 100 000 in the business year (by the private individual who reaches the retiring are that is authoritative to him based on the valid regulation, before 1st of January, 2020 this limit is set at HUF 130 000), but these can reach together during the business year a maximum of HUF 120 000 (by the private individual who reaches the retiring are that is authoritative to him based on the valid regulation, before 1st of January, 2020 this limit is set at HUF 150 000),
c) as a member of a voluntary mutual health fund – independently from provisions of points a)-b) -
ca) 10% of the sum separated based on his command from his bank deposit on his individual account and deposited in the business year for at least 24 months from the day of making the deposit – reported as a bank deposit on the last day of the business year – in the business year of making the deposit,
cb) from his bank deposit on his individual account 10% of the sum paid by the voluntary mutual insurance fund during the business year as the offset of the prevention service determined in a separate edict based on his commission,
taking into consideration that based on the points ca)-cb) and point b) the amount of the transfer cannot exceed HUF 100 000 during the business year (by the private individual who reaches the retiring are that is authoritative to him based on the valid regulation, before 1st of January, 2020 this limit is set at HUF 130 000), and taking into consideration also the transferring authority in accordance with point a) the total transfers during the business year cannot exceed HUF 120 000 (by the private individual who reaches the retiring are that is authoritative to him based on the valid regulation, before 1st of January, 2020 this limit is set at HUF 150 000).

Annex nr. 1. of the Act CXVII of 1995.

On the tax-free incomes
6.4. the sum which
a) is credited by the voluntary mutual insurance fund for the individual account of his member on the title of a yield of the investments made by using the cover base, including also the sum credited based on taking into consideration the estimation difference,
7.3. is paid by the voluntary mutual insurance fund for the beneficiary;