TAX FREE PETROL COST REIMBURSEMENT

THE TAX FREE AMOUNT OF COST REIMBURSEMENT WAS DOUBLED FROM JANUARY 2023

Employers can give this benefit to the employees who live in another city and commute to the workplace by private car. The amount was untouched for ten years. Now, due to the much higher petrol prices, it was revised and updated.

According to a recent government decree, the amount was raised from 15 to 30 HUF/km. It is applicable from January 2023.

A sample: if the employee commutes from 35 km, 21 days a months, he can get 21x35x2x30 = HUF 44,100 tax free petrol cost reimbursement. Note: it is still only a small part of the real petrol cost.

The employer can provide higher reimbursement as well, but it is a taxable benefit.

Recent Posts

VAT Registration in Hungary - Leinonen
March 16, 2026

VAT Registration in Hungary: What do Businesses Need to Know in 2026?

Having a robust understanding of rules and regulations surrounding VAT registration in Hungary saves significant money, time, and hassle for businesses. In this article, we…

Continue reading
Annual Reports in Hungary - Leinonen
March 12, 2026

Annual Reports in Hungary

The financial statements, commonly referred to as annual reports, contain essential information for business owners and management. Although accountants generally use the term financial statements…

Continue reading
Payroll for Foreign-Owned Businesses in Hungary - Leinonen
February 11, 2026

A Guide to Payroll for Foreign-Owned Businesses in Hungary

Serving as a bridge between the east and west, Hungary is ideally positioned for trade across Europe. It is an EU member state already favoured…

Continue reading