Hungarians used more than HUF 21bn of vacation vouchers at commercial accommodations in 2008, up 28pc from the previous year to account for 9pc of the segment’s total revenue, the Central Statistics Office (KSH) said, citing data from the Hungarian National Resort Foundation.
The vacation vouchers accounted for 40pc of revenue generated by domestic guests, up from 33pc in 2008. The share of the vouchers in total revenue of the segment rose 3 percentage points compared to last year.
Vacation vouchers used at commercial accommodations accounted for a little more than half of the HUF 41bn of vouchers issued during the year. About HUF 14bn of vacation vouchers, or 41pc of the total issued, were used at hotels. About 14pc were used at bed and breakfasts and 6pc were used at other commercial accommodations.
Can somebody explain the tax advantage or utility of these vacation vouchers?
For people lacking understanding of the most basic human needs and joys in life, this thing cannot be explained in terms of “tax advantages” and “utility graphs.”
You must lead a rather barren life to even have to ask this, I suppose.
Well there patently is a tax advantage, isn’t there.
Employers can give these to their employees in place of extra salary without paying tax on them. And they are a good idea for the economy, because they encourage Hungarians to take advanntage of their own tourism, which they might not otherwise do.
Yes indeed, TDS. But I guess for some of our bloggers here who have apparently never taken a vacation in their life, and do not understand why anybody should, the whole concept of taking vacations is a strange, alien, useless one.