Hello,    SIGN OUT   NEWSLETTER    HUNGARIAN  

Tax

Hungary could save tens of billions of forints on IMF/EU credit deal - Banai

Hungary could save tens of billions of forints if it could reach a deal on a financial assistance programme with the International Monetary Fund (IMF) and the European Commission, said Péter Benő Banai, deputy secretary of state in charge of the budget at the Economy Ministry. Echoing Economy Minister György Matolcsy... 

Hungary seen going to war with IMF over flat tax

The biggest conflict in the bailout talks between Hungary and the International Monetary Fund (IMF) could... 

IMF is not Hungary's commanding officer - EcoMin Matolcsy

Hungary’s Economy Minister György Matolcsy is presently at an extraordinary hearing before Parliament’s... 

IMF seen asking Hungary to raise flat personal income tax or create a second rate

The International Monetary Fund (IMF) will ask Hungary to change its personal income tax system and either... 

New rules change deadlines for remittance of VAT refunds in Hungary - PwC

Under new Hungarian legislation, from 1 February 2012, VAT refunds will generally have to be remitted... 

Hungary VAT refund to cost budget more than expected

Hungary started to pay unlawfully retained VAT in October after a negative European Court of Justice... 

Hungary expects changes to business tax to bring HUF 24 bn more to state coffers

A number of amendment proposals to the 2012 budget bill has been published on the website of the Hungarian... 

Hungary violates the law by simplified business tax amendment

While Hungarian lawmakers have already decided not to scrap the simplified entrepreneurial tax (EVA)... 

Hungary competition watchdog suspects mortgage lending cartel of banks

Hungary’s competition authority GVH has launched an investigation in a suspected cartel by seven... 

Hungary EcoMin suggests team to talk FX debt fix with banks, c.bank has someone else in mind

Hungary’s National Economy Minister assigned a three-member delegation to negotiate with the Banking... 

Hungary to hike bank tax to build defence against adverse court rulings - source

Hungary's government may hike its bank tax to raise necessary funds if courts rule the state must pay... 

Hungary budget gap double the original target at end-October

Hungary posted a general government surplus of HUF 242.7 billion in October, the National Economy Ministry... 

Hungary paves the way for new levy to offset negative EU rulings

Hungary’s government has smuggled a Trojan horse into a draft law submitted on Sunday on the "transitional... 

Brussels gives Hungary ten weeks to respond to banks' concerns about FX debt fix scheme

The European Commission has given Hungary a ten-week deadline to respond to concerns by banks over... 

Hungary to keep simplified business tax in 2012, raise rate to 37%

Hungarian lawmakers decided on Wednesday to raise the rate of the simplified entrepreneurial tax (EVA)... 

Big banks ask EU support against Hungarian debt fix scheme

Top officials at eight big banks have urged the European Commission support them in a dispute with Hungary... 

Hungary to keep simplified business tax (EVA), hike its rate to 40% - portal

“It was them who convinced me," responded Hungarian Prime Minister Viktor Orbán to a question how... 

Hungary PM adamant on scrapping simplified business tax (EVA)

Hungary’s Prime Minister Viktor Orbán was “determined and tough" at a Fidesz-KDNP parliamentary... 

Hungary budget to win HUF 50 bn on scrapping EVA - gov't spokesman

The government spokesman said there is no clash about the proposed abolishment of Hungary’s simplified... 

Commentary

Changes to the rules on employing foreign nationals in Hungary - PwC

New regulations took effect on 1 August 2011 concerning the entry, residence and employment of third-country nationals in Hungary. PricewaterhouseCoopers... 

ANALYST VIEW - IPOPEMA upgrades Hungary's Magyar Telekom, cuts target price

IPOPEMA has upgraded Hungary’s Magyar Telekom to ‘Hold’ from ‘Sell’, while it lowered its target price for the telco incumbent... 

ANALYST VIEW - Can Hungary see the wood for the trees? - UBS

Hungary has recently passed the law to allow for conversion of foreign currency mortgages, but UBS believes the plan is unlikely to help borrowers, but... 

Views and Interviews

PwC Alert - Changes to Hungary's personal income tax system (Part II)

There will be significant changes to the taxation of personal income in Hungary, mainly due to the introduction of the 16% flat tax rate. In its latest... 

PwC Alert - Changes to Hungary's personal income tax system (Part I)

There will be significant changes to the taxation of personal income in Hungary, mainly due to the introduction of the 16% flat tax rate. In its latest... 

PwC Alert - Deferred tax implications of recent changes in Hungarian Tax Law

On 22 July 2010 a number of provisions of the Corporate Tax Act has been amended by the Hungarian Parliament, with the effect from 1 July 2010 retrospectively... 
Contributions on wage
paid by employee 
Superannuation tax (állami vagy magánnyj pénztárba)10%
Upper threshold of personal contribution 21 000 Ft/day
Medical insurance contributions6%
Munkaerõpiaci járulék1,5%
  
paid by employer 
Superannuation tax24%
Medical insurance contributions2%
Munkaerõpiaci járulék1%
Vocational training contribution1.5%
Personal Income Tax
from Egy kulcs a bruttó bér 1,27-szeresére vetítve:16%
from A bruttó bérre vetítve:20,32%
Latest news

16:45 | Hungary budget may be at risk due to Malév collapse

16:04 | Hungarian airline Malév gives up, flies no more

15:51 | Ryanair rushes to open Budapest base in void left by Malév mishap

14:57 | Hungary forint firms through the roof - Too much maybe? - Portfolio.hu Fund Manager Survey

13:35 | ILFC to fly back Malév-leased aircraft to Irish base this afternoon - MTI

12:39 | Wizz Air responds to Hungary Malév collapse with 66% capacity boost

12:05 | Travel Service not interested in taking over Hungary's Malév anymore

09:05 | ANALYST VIEW - Erste ups target price, keeps 'Buy' rating for Hungary's Richter

16:43 | Hungarian banks to lose EUR 717 m on FX loan fix scheme - Patai

14:54 | Hungary OTP becomes top pick of local fund managers

14:00 | How further could the forint depreciate? (x)

13:30 | Hungary Richter to report massive profit decline for Q411 - Portfolio.hu Poll (adds consensus for Egis)

12:01 | Hungarian igm unit in EUR 2.9 million capacity boost programme

11:32 | Hungary Socialists overtake far-right Jobbik in popularity contest - poll

09:27 | ANALYST VIEW - Erste ups target price, keeps 'Hold' rating for Hungary's Magyar Telekom

09:12 | Hungary Malév gets state receiver

16:22 | Erste sees no bigger hit by Hungary FX loan scheme than expected

15:41 | EU blocks proposed merger between Deutsche Börse and NYSE Euronext - Door opens for Xetra in Budapest?

14:30 | Hungary prepares for possible stop of Malév flights

14:06 | IMF does not propose Hungary to eliminate transport subsidies - Ivaschenko

Tagcloud
economy(12375)  equity(7138)  fx(3248)  commentary(1594)  energy(1343)  nbh(858)  companies(446)  property(423)  tax(365)  realestate(283)  interviews(111)  imf(53)  debt(51)  matolcsy(46)  orbán(45)  budget(40)  deficit(38)  repayment(35)  analyst(34)  conference(31)  gdp(31)  rating(29)  huf(28)  politics(26)  poll(26)  survey(26)  interest_rate(25)  growth(24)  chf(24)  ákk(23)  ksh(23)  mol(23)  mnb(23)  hungarian_quotes(22)  bef2011(21)  auction(19)  simor(19)  moodys(18)  credit_line(17)  forint(17)  tender(17)  otp(17)  eur(16)  bse(15)  fellegi(15)  telecom(15)  telekom(14)  downgrade(13)  exchange_rate(13)  magyar(13)  commission(13)  fitch(13)  instant(12)  erste(12)  bank(12)  bond(12)  central_bank(11)  eurozone(11)  inflation(11)  research(11)  mpc(11)  lázár(11)  nomura(10)  attard_montalto(10)  usd(10)  crisis(10)  credit(10)  earnings_report(9)  richter(9)  raiffeisen(9)  base_rate(9)  cpi(9)  eva(8)  rogán(8)  monetary_council(8)  ecb(8)  simplified_entrepreneurial_tax(7)  banks(7)  eu(7)  standard(7)  barroso(6)  jobless(6)  treasury_bill(6)  rbs(6)  employment(6)  junk(6)  t-bill(6)  egis(5)  q3(5)  unemployment(5)  vat(5)  reserves(5)  real_estate(5)  industrial(5)  ina(5)  retail(5)  parliament(4)  shortfall(4)  chips(4)  interview(4)  independence(4)  government(4)  estimate(4)  fidesz(4)  forum(4)  gki(4)  ivaschenko(4)  summit(4)  consumer_price_index(4)  yield(4)  levy(4)  target_price(4)  ubs(4)  máv(4)  goldman_sachs(4)  forecast(4)  resign(4)  fuel(4) 
Home /