Hungary’s “tax liberation day”, the date from when the typical taxpayer keeps his earnings and stops paying the state, is on 16 July, business daily Világgazdaság said, citing a report prepared by Ernst and Young, which ranks the 28 European Union member states by their tax liberation days. Cyprus came out first, with 21 March being the date when taxpayers can start keeping their earnings, and Belgium in last place with 5 August. The study, published for the third consecutive year, is put out by New Direction – Foundation for the European Reform and Institut économique Molinari (IEM) with data provided by Ernst and Young. “Belgium has held its position since 2011 when Hungary, previously the most severe tax collector, implemented a flat tax scheme,” the report said. Still, despite this improvement, Hungary is fourth from last on the list.