KATA Is Back, Entrepreneurs Can Take Out Loans up to Double the Size

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The planned reform of the itemized tax (kata) for small-tax businesses could significantly increase the creditworthiness of the entrepreneurs concerned. Those returning from flat-rate taxation to the new kata could receive a housing loan of up to twice the size with the same income, since, based on bank calculation methods, kata income represents a much higher certified net income, Bankmonitor wrote.

Bankmonitor.hu

Heti Világgazdaság

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Heti Világgazdaság

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The planned restructuring of the kata may open up the possibility of a return for many entrepreneurs. After the planned restructuring of the kata, flat-rate taxpayers returning will be able to take out almost twice as much credit as they do now. According to Bankmonitor's calculations, this does not require more income, it is enough for the bank to count their income as kata taxpayers. With an annual entrepreneurial income of 18 million forints,…

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The planned reform of the kata could also significantly change the borrowing options of entrepreneurs. According to Bankmonitor's calculations, in the case of an entrepreneur with an annual income of 18 million forints, returning from flat-rate taxation to kata, the maximum amount of a housing loan that can be taken out could increase from 34.6 million forints to 64.3 million forints, while his income will not change at all. The difference is ca…