European Court Rules Hungary Retail Tax Discriminatory
- 5 Feb 2014 3:00 AM
The ruling came in a case filed by a unit of sporting goods retailer Hervis in Székesfehérvár, in central Hungary, which argued companies must pay the tax based on consolidated turnover, which raises the rate for big, generally foreign-owned corporate groups.
Hungarian retailers with annual revenue over 500 million forints are required to pay the sectoral tax, which is calculated as a proportion of revenue: either 0.1%, 0.4% or 2.5%, depending on turnover.
Source www.hungarymatters.hu
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