Economy
Smallest-revenue firms may be exempted from advertising tax in Hungary - Rogán
Clash with Brussels?
Rogán also noted that the cabinet expects a confrontation with Brussels on this front because one of the EU offices want even the smallest companies with the smallest advertising revenues to be subject to the tax as well.
János Lázár, minister leading the Prime Minister’s Office, told Parliament’s economic committee that they are conducting talks whether companies with the smallest advertising revenues could be granted exemption from the levy or not.
After the meeting of the committee on Tuesday he told journalists the government could propose taking the rate of the tax to 5-10% (from 50% which is currently the highest rate ana payable on revenues not on profits).Rogán stressed that the revenue target of about HUF 7 bn must be achieved, and that is why at the committee meeting he spoke about a “3-5% intensity, which does not mean rate, as this is an intensity question with respect to all advertising revenues made in Hungary."
If the rates of the advertising tax are reduced then - in order to reach the revenue target - the group of those that are subjects to the tax will “obviously" need to be expanded" he said.
Rogán also noted that the cabinet expects a confrontation with Brussels on this front because one of the EU offices want even the smallest companies with the smallest advertising revenues to be subject to the tax as well.
János Lázár, minister leading the Prime Minister’s Office, told Parliament’s economic committee that they are conducting talks whether companies with the smallest advertising revenues could be granted exemption from the levy or not.
After the meeting of the committee on Tuesday he told journalists the government could propose taking the rate of the tax to 5-10% (from 50% which is currently the highest rate ana payable on revenues not on profits).Rogán stressed that the revenue target of about HUF 7 bn must be achieved, and that is why at the committee meeting he spoke about a “3-5% intensity, which does not mean rate, as this is an intensity question with respect to all advertising revenues made in Hungary."
If the rates of the advertising tax are reduced then - in order to reach the revenue target - the group of those that are subjects to the tax will “obviously" need to be expanded" he said.
