Audit Office head sees room for gradual PIT rate cut - paper

The head of Hungary's State Audit Office (ASZ) sees room for a gradual reduction in the 15 percent personal income tax (PIT) rate. "In my opinion, the current economic conditions allow for a further reduction of the personal income tax in two or three steps," Laszlo Domokos said in an interview published in Thursday's issue of daily Magyar Hirlap. He said the 1.5 percent vocational training contribution paid by employers could also be cut to 0.75 to 1.0 percent in light of the lower number of job-seekers, and he made a case for eliminating the 15 percent tax on interest.