Tag: tax

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Hungary to create rules against corporate tax evasion

February 26, 2019, 8:27 am
The Hungarian government plans to work out regulations that will prevent multinational companies from escaping public burdens, a state secretary in charge of tax issues at the Finance Ministry told daily... 

Tax for small taxpayers is increasingly popular in Hungary - FinMin

January 16, 2019, 11:41 am
The tax for small taxpayers (kata) is becoming increasingly popular in Hungary, the Finance Minister told a press conference on Wednesday. More than 315,000 businesses opted for this tax that requires... 

Hungary's 'chips tax' expected to generate HUF 57 bn this year

January 15, 2019, 4:20 pm
Hungary’s public health product tax, dubbed chips tax, will bring the health care sector 57 billion forints this year, health care economist Tamás Joó told public television M1 late on Monday. ... 

Hungary's 'wonder weapon' brings budget billions of forints

January 8, 2019, 3:45 pm
Hundreds of billions of forints a year. That is how much additional revenue the Hungarian government’s new weapon against the black economy, real-time online invoice reporting, can generate. Using... 

Hungary could afford huge tax cuts in coming years

December 27, 2018, 9:58 am
Hungary could have serious leeway in the budget in 2020 or 2021, according to the government's own forecast. The question is, will this be used to increase spending or to cut taxes? Both could happen in... 

Hungary puts off plain cigarette packaging by 2.5 years

December 14, 2018, 11:58 am
The Hungarian government has decided to put off the deadline for the launch of uniform, brand-neutral cigarette packets by two and a half years to the end of 2021. According to the new rules, plain... 

Hungary is the tax reduction champion of the EU

November 29, 2018, 8:35 am
Hungary lowered its tax-to-GDP ratio to 38.4% in 2017 from 39.3% in 2016, which was the largest reduction in the European Union, reported Eurostat, the statistical office of the EU. The EU index edged... 

Not too good to be true?

November 26, 2018, 5:00 am
“It’s such a good deal that it won’t last for long", cried hundreds of business owners in response to the suggestions of setting up an ESOP. However, a bill recently adopted by the Parliament... 

Hungarian tax authority cannot make up its mind about immigration tax

November 19, 2018, 1:05 pm
Hungary’s tax authority NAV has been straddling the fence for months about which non-governmental organisations it should collect a new tax from for “assisting immigration", local daily newspaper... 

Hungarian MPs adopt new tax package

November 13, 2018, 11:50 am
Hungarian MPs have on Tuesday adopted the government’s latest tax package. Among other things it includes the raise of the tax exemption ceiling of sole proprietors to 12 million forints of annual... 

Hungary to keep preferential VAT rate on new homes for another 5 years

November 7, 2018, 8:16 am
The Hungarian government is going to keep in effect the preferential 5% VAT rate until 31 December 2023 on the sale of new homes that were granted final building permits until 1 November 2018, Finance... 

Hungary FinMin submits 2019 tax package

October 19, 2018, 3:53 pm
The Finance Ministry on Friday submitted a tax bill to Parliament, with several new items added to the changes already known, such as a slight cut in the bank tax, pr cheaper transfers between bank accounts... 

Hungary could launch new family housing allowance scheme already in 2018

October 17, 2018, 3:03 pm
Gergely Gulyás, the head of the Prime Minister’s Office, has held a press conference for journalists on Wednesday, and shared several key pieces of information with them. No decision on new health... 

Hungary needs single-digit personal income tax - Matolcsy

October 12, 2018, 5:12 pm
Hungary needs to be a winner in the following years and for that it has to maintain economic upturn, and also strengthen the country’s competitiveness in continuous steps by 2030, said György Matolcsy... 

EU drive to cap VAT would prevent Hungary from lowering taxes

October 12, 2018, 8:42 am
Part of the coverage of tax reductions in Hungary would be taken away by the proposal recently adopted by the European Parliament to maximise the rate of the value-added tax (VAT) at 25%, said a parliamentary... 

Single-digit personal income tax rate untimely to consider - FinMin

October 10, 2018, 8:48 am
About 650 billion forints should be surrendered from the budget in order to lower the current 15% personal income tax rate to a single-digit figure, Finance Minister Mihály Varga said late on Tuesday.... 

Hungary does not have to give up top VAT rate just yet

October 4, 2018, 8:22 am
A vote by the European Parliament to maximise the rate of value-added tax in the European Union at 25% will be considered by the European Council only as an opinion therefore it is not a done deal yet... 

EU to force Hungary to lower VAT rate

October 3, 2018, 4:03 pm
MEPs on Wednesday backed the bulk of the European Commission’s proposed reform of the VAT system, while proposing some adjustments, such as to set a maximum VAT rate. The VAT cap would be 25%, while... 

Hike to VAT exemption cap to benefit 600,000 small Hungarian businesses

October 3, 2018, 3:53 pm
European Union Finance Minister have decided on Tuesday to endorse a request by the Hungarian government that could ensure a significant tax reduction and simplification for small businesses, Hungary’s... 

Planned tax relief could leave millions in Hungarian mothers' pockets

October 3, 2018, 12:32 pm
The Hungarian government is contemplating a major tax relief, according to the latest leaked information. It reportedly plans to exempt women with at least three children from paying personal income tax... 
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