107 result(s) for tax free in Business
Hungary's PM Orbán Says Bank Tax Won’t Cause Harm
- 19 Oct 2012 9:04 AM
- business
The cabinet’s decision not to cut the bank tax in half next year as promised will not harm the Hungarian economy, Prime Minister Viktor Orbán said Thursday. Speaking to Bloomberg news in Bucharest, he said banks have already stopped lending and a deleveraging process is underway. The tax on banks will have no effect on economic activity, he added.
Gamers Say Hungarian State To Lose Ft 70bn
- 19 Oct 2012 9:00 AM
- business
The shortfall in tax revenues from the ban on slot machines and electronic casinos will reach Ft 70 billion annually, gamers' association MSZSZ said in an analysis. In addition, the report estimates the related one-off costs at Ft 130 billion.
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Hervis Turns To EU Court On Sectoral Tax In Hungary
- 7 Sep 2012 9:00 AM
- business
Sports retailer Hervis has turned to the European Court of Justice claiming that the special tax levied on retailers is discriminatory against foreign-owned businesses while providing unfair advantage to domestic companies. Thus the European Court of Justice has received its first such case from Hungary regarding the special tax from the Székesfehérvár court where Hervis filed its case, the ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Hungary Tax Authority Unveils This Year’s List Of Biggest Tax Dodgers
- 2 Aug 2012 9:00 AM
- business
Budapest-based company Freedom 2005 tops the second-quarter list of companies and individuals with the highest outstanding tax bills, published on the website of the tax authority NAV. The company owes Ft 2.8 billion in taxes. The highest claim against an individual was Ft 370 million.
Markets In Hungary Turn Sour On Orban Comments
- 1 Aug 2012 9:00 AM
- business
Capital markets reacted negatively to the Prime Minister’s last Wednesday comments in which he seemed adamant about extending the financial transaction tax to the MNB, according to Bertalan Nagy, head of the private banking unit of Equilor brokers. The euphoria fuelled by hopes of a quick agreement dissipated this week and gains in Hungarian asset prices began to be priced out, he said.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Business Closures At Record High In Hungary In First Half
- 13 Jul 2012 9:00 AM
- business
In the first half, 18,200 companies closed down, a record high level, up from 11,300 a year earlier, website feketelista.hu reports. In the first half 2.9% of all companies closed down. The number of new companies registered was 13,100, down from 25,400 one year earlier. The number of companies stood at 640,300 on June 30, 2012.
Hungary's PM Orbán Says Bank Tax Won’t Cause Harm
- 19 Oct 2012 9:04 AM
- business
The cabinet’s decision not to cut the bank tax in half next year as promised will not harm the Hungarian economy, Prime Minister Viktor Orbán said Thursday. Speaking to Bloomberg news in Bucharest, he said banks have already stopped lending and a deleveraging process is underway. The tax on banks will have no effect on economic activity, he added.
Gamers Say Hungarian State To Lose Ft 70bn
- 19 Oct 2012 9:00 AM
- business
The shortfall in tax revenues from the ban on slot machines and electronic casinos will reach Ft 70 billion annually, gamers' association MSZSZ said in an analysis. In addition, the report estimates the related one-off costs at Ft 130 billion.
Minister Matolcsy Announces New Fiscal Package In Hungary
- 8 Oct 2012 9:02 AM
- business
Minister for National Economy György Matolcsy held a press conference earlier this morning where he announced a fiscal adjustment package totalling 397 billion forints, which will ensure that a budget deficit below 3% of GDP will be achieved.
Hervis Turns To EU Court On Sectoral Tax In Hungary
- 7 Sep 2012 9:00 AM
- business
Sports retailer Hervis has turned to the European Court of Justice claiming that the special tax levied on retailers is discriminatory against foreign-owned businesses while providing unfair advantage to domestic companies. Thus the European Court of Justice has received its first such case from Hungary regarding the special tax from the Székesfehérvár court where Hervis filed its case, the ...
Hungarian Monetary Council Wary Of Inflation Risks
- 15 Aug 2012 9:00 AM
- business
Janos Cinkotai and Gyorgy Kocziszky voted for a quarter-point cut in the base rate at the monetary council’s July 24 meeting, while the five other members voted to keep the rate at 7.0%, according to minutes released last week. The majority view was that inflation will remain above the 3% target in 2012 and 2013 due to higher VAT and excise taxes. Inflation is not likely to fall to 3% until ...
Hungary Tax Authority Unveils This Year’s List Of Biggest Tax Dodgers
- 2 Aug 2012 9:00 AM
- business
Budapest-based company Freedom 2005 tops the second-quarter list of companies and individuals with the highest outstanding tax bills, published on the website of the tax authority NAV. The company owes Ft 2.8 billion in taxes. The highest claim against an individual was Ft 370 million.
Markets In Hungary Turn Sour On Orban Comments
- 1 Aug 2012 9:00 AM
- business
Capital markets reacted negatively to the Prime Minister’s last Wednesday comments in which he seemed adamant about extending the financial transaction tax to the MNB, according to Bertalan Nagy, head of the private banking unit of Equilor brokers. The euphoria fuelled by hopes of a quick agreement dissipated this week and gains in Hungarian asset prices began to be priced out, he said.
Inflation Jumps To 5.6% In Hungary, Beats Forecasts
- 17 Jul 2012 9:00 AM
- business
Inflation stood at 5.6% in June, above analysts’ forecasts, after rising 5.3% year-on-year in May, the Central Statistics Office announced last week. Core inflation, stripping out the impacts of energy and food prices, was 4.9%. The spike in consumer prices was due to higher taxes, including VAT and excise taxes, analysts said. Excluding these effects, inflation rose 3.4% year-on-year in June.
Business Closures At Record High In Hungary In First Half
- 13 Jul 2012 9:00 AM
- business
In the first half, 18,200 companies closed down, a record high level, up from 11,300 a year earlier, website feketelista.hu reports. In the first half 2.9% of all companies closed down. The number of new companies registered was 13,100, down from 25,400 one year earlier. The number of companies stood at 640,300 on June 30, 2012.