News in Brief
Lawmakers approve tax changes
Lawmakers voted to extend the preferential VAT rate on home construction and exempt advertising companies from a sectoral tax.
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News in Brief
Hungarian government to make home purchase subsidy tax-exempt
Katalin Novák said both new and second-hand properties purchased through the government’s home buying subsidy scheme CSOK will be fully exempted from the asset acquisition tax from January.
News in Brief
State Secretary: Mayor of Budapest proposal to levy “jumpstart” tax on businesses is “inept”
State Secretary András Tállai said the new tax proposal threatens to do extraordinary damage.
News in Brief
Online tax return system now applies to all businesses
The finance ministry has announced that the government has expanded its online tax accounting system, heralding a new era in tax returns and efforts to whiten the economy.
News in Brief
Finance Minister: Hungary's success is thanks to well-performing companies and effective economic policy
The Hungarian government’s measures in tax policy, investment promotion and in cutting red tape contributed to boosting the competitiveness of Hungarian companies.
News in Brief
Hungarian government to launch new online tax invoicing system
The economy ministry announced that the government will give businesses more than a year to adapt to the new system, and tax authority NAV will provide them with all the necessary assistance
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Increased tax revenues signal economic growth
András Tállai, minister of State for Parliamentary Affairs and Taxation, said that up until December 13th 2017, state tax revenues totaled 12,000 billion HUF (38.7 billion euros) this year, up by some 5 percent compared to the same period last year
News in Brief
Hungary to cut personal income tax rate to just 9 percent
The personal income rate cut will be made if economic growth climbs above 3 percent on a sustained basis
News in Brief
Hungarian government to introduce e-cigarette tax
The Hungarian government will levy new fees on retailers and sellers of electronic cigarettes from November
News in Brief
Hungarian government: Next tax cuts will include lowering social contributions
There will be several proposals related to the labor market and employment in the autumn tax bill, Mihály Varga, minister for National Economy has said
News in Brief
Hungarians see wage increase of 7.8 percent
Hungary’s net earnings were up by 7.8 percent in the period of January-April, the biggest rise in recent history
News in Brief
Hungary to cut special taxes on banks in 2017
Tax bill will cut the tax burden on Hungarian banks in 2017