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Hungary aid negotiator designate Varga wants achievable conditions in IMF/EU credit deal (2)

(Adds more comments by Varga) Mihály Varga, state secretary soon to take over the task of Hungary’s chief aid negotiator from Tamás Fellegi, will strive to achieve such credit deal with the IMF and the EU that is beneficial for the country and the economy and so it strengthens confidence in the Hungarian... 

Hungary EcoMin to appoint deputy state secretary Nátrán to lead Eximbank - paper

There is a serious split in the committees established to conduct professional consultations about Hungary’s... 

No more new taxes in Hungary - state secretary

Hungary will not implement any new taxes, said Zoltán Cséfalvay, state secretary at the Economy Ministry.... 

"Negative buzz" around Hungary over new taxes

The optimistic mood that was sparked a month ago when the European Commission gave Hungary the go-ahead... 

Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients

Telenor Hungary, a member of the international Telenor Group, will comprise the new telecommunications... 

Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai

The Hungarian Banking Association takes note that the government wants to implement a financial transaction... 

Hungary mulls new real estate tax

Hungary’s government is apparently mulling a new real estate tax. A bill submitted to Parliament... 

Hungarian mobile carriers urge gov't to withdraw harmful telecom tax

Hungary’s mobile carriers have issued a joint statement objecting to a bill submitted to Parliament... 

Hunagry c.bank needs to be "extremely cautious" due to "bumpy" IMF talks - Karvalits

Ferenc Karvalits, Deputy Governor of Hungary’s central bank (NBH) said the government’s aid... 

Hungary EcoMin submits bills on new taxes to Parliament

Hungary’s Economy Minister György Matolcsy has submitted bills on new taxes to Parliament. As expected... 

Hungarian banks find new financial transaction tax unacceptable - Patai

Hungary's planned new financial transaction tax is entirely unacceptable for banks in its present form... 

INSTANT VIEW - Hungary: Old sector taxes replaced by new sector levies

The Hungarian government has on Wednesday approved the tax measures which were included in the Convergence... 

Hungary gov't approves new taxes (2)

(Updates with new info, Portfolio.hu viewpoint) Hungary’s government has on Wednesday approved... 

Hungary EcoMin to address new taxes today

Hungary’s Economy Minister György Matolcsy is going to hold a press conference on Wednesday afternoon... 

Hungary not to tax "yellow bill" usage - paper

According to an amendment proposal approved by Hungary’s Parliament on Monday, public utility companies... 

Hungary gov't can decide on new telecom tax already tomorrow

While Hungary’s telecommunication companies would still like to talk through the government’s... 

Hungary would need a 3-yr, EUR 15 bn IMF credit - Varga

Hungary should secure a 3-year credit facility worth about EUR 15 billion with the International Monetary... 

Hungary's state-owned mobile carrier can yank tariffs much lower - Orbán

Hungary’s government hopes that the fourth, state-owned, mobile carrier will strengthen competition... 

Hungary OTP chief Csányi does not want more taxes

Hungary’s OTP has not given up it plan to grow via acquisitions, said Chairman-CEO Sándor Csányi... 

Commentary

INSTANT VIEW - Hungary: Old sector taxes replaced by new sector levies

The Hungarian government has on Wednesday approved the tax measures which were included in the Convergence Programme (or the Széll Kálmán Plan 2.0 - published... 

ANALYST VIEW - Hungarian mkt rally on IMF optimism will be short lived - Citi

The new taxes Hungary announced in the Széll Kálmán Plan 2.0 will have no direct impact on the banking and telecom sectors, but the financial transaction... 

ANALYST VIEW - How will the hike of Hungary's Robin Hood tax impact MOL?

Hungary's government on Monday unveiled the Széll Kálmán Plan 2.0, an updated version of the structural reform plan presented about a year ago. The government... 

Views and Interviews

Hunagry c.bank needs to be "extremely cautious" due to "bumpy" IMF talks - Karvalits

Ferenc Karvalits, Deputy Governor of Hungary’s central bank (NBH) said the government’s aid talks with the IMF is an important factor for monetary... 

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... 
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

11:38 | OECD lowers growth, budget deficit forecasts for Hungary

10:23 | Hungary aid negotiator designate Varga wants achievable conditions in IMF/EU credit deal (2)

09:48 | ANALYST VIEW - ING ups target price, keeps 'Sell' rating for Hungary's Richter

09:16 | Hungary EcoMin to appoint deputy state secretary Nátrán to lead Eximbank - paper

08:00 | Selling companies, in a recessive environment? (x)

16:51 | Hungary to buy 8,000 properties from non-paying FX mortgage borrowers in 2012

16:10 | Government measures exhaust Hungarian unit of KBC, K&H Bank Q1 profit plummets

14:18 | AAA Auto triples net profit in the first quarter of 2012

11:04 | Hungary plans no Eurobond issue before IMF/EU credit deal - ÁKK Dep.CEO

09:19 | Opel expects production boom, headcount increase in Hungary

08:35 | No more new taxes in Hungary - state secretary

16:51 | EBRD revises GDP estimate for Hungary upward, sees mild recession in 2012

16:27 | ANALYST VIEW - Hungary seeks to avoid IMF deal or at least loosen conditions - Citi

15:59 | ANALYST VIEW - Hungary commitment to seal IMF deal remains questionable - RBS

15:23 | "Negative buzz" around Hungary over new taxes

14:41 | Hungary Parliament nods on new telecom tax, Telenor to deflect levy on clients

13:38 | Hungarians will take half of their bank deposits abroad if transaction tax remains unchanged - Patai

13:27 | Hungary Magyar Telekom CEO buys 42,000 company shares

09:27 | Hungary PM wants to suspend party subsidising from state budget in 2013-14

09:01 | Hungary real wages drop 5.2% yr/yr in March (2)

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