Tag: vat

According to preliminary financial accounts data, Hungary’s general government net lending was equal to -4.4% of GDP in the four quarters to 2012 Q1. General government net lending (HUF -124 billion)... 

A dispute with the European Union over the use of EU funds does not pose a danger for Hungary’s budget, the Economy Ministry said in a statement on Friday. According to previous press reports, some... 

There will be changes in Hungary’s government at the half of the term, Prime Minister Viktor Orbán on Friday. He also revealed that the cabinet plans further changes in the tax system, and that he... 

According to different press reports, Hungary’s government is up to something...it is apparently nurturing some “interesting" (scary) tax plans. A new financial transaction tax would be slapped... 

Hungary’s current plans do not include raising the top VAT rate to 30% from 27% currently, the National Economy Ministry has clarified György Matolcsy’s column in a local weekly published today.... 

While Hungary would like to have five different value-added tax rates, 5%, 15%, 20%, 25% and 30%, the European Union would not let it, Economy Minister György Matolcsy said in an article titled ‘What... 

Under new Hungarian legislation, from 1 February 2012, VAT refunds will generally have to be remitted within 75 days of the due date, irrespective of the amount in question, PricewaterhouseCoopers said... 

Hungary's cumulated budget gap in the 11 months to November stands at 180% of the original target, or 82% of the readjusted deficit target of HUF 1,517 billion, according to Thursday's detailed report... 

Hungary started to pay unlawfully retained VAT in October after a negative European Court of Justice ruling in late July, but the costs were underestimated. While the government was expected to refund... 

The reduction of value-added tax on foodstuff remains on the Hungarian government’s agenda, Economy Minister György Matolcsy said. He emphasised though that it is a complex issue therefore a decision... 

Raising the rate of value-added tax to 27% from 25% in Hungary will causes some problems, not only in field of economic growth but in case of EU financed projects too. Decision makers have to choose between... 

The Hungarian government submitted the draft of the 2012 budget to Parliament on Friday afternoon. In a press conference, Economy Minister György Matolcsy described 3 types of tax hikes, highlighted... 

Hungarian lawmakers approved legislation late on Monday that includes tax hikes already in 2011 and new levies to be imposed in 2012. The raise to excise taxes is part of the measures aimed at filling...