Hungary has published Law XXXIV of 2021 in the Official Gazette, which amends the Personal Income Tax Law to provide for the introduction of a tax-free allowance (discount) for young individuals under the age of 25 in respect of employment income, including self-employment income. The allowance is equal to the average monthly gross earnings of full-time employees as officially published by the Central Statistical Office for the month of July of the year preceding the reference year, considering the number of months an individual is eligible for the allowance during a tax year. Law XXXIV of 2021 enters into force...