Hungary’s Cabinet Chief Lázár Proposes Reducing Ad Tax
- 5 Feb 2015 8:00 AM
Hungary’s cabinet chief has proposed reducing the tax on advertisements and introducing a single band for the levy. János Lázár told MTI that he would not reveal the level of the tax at this stage, though he referred to the Austrian 5% tax rate several times.
He said that since last August, Hungary had received numerous formal and informal signals that the European Commission’s competition directorate had serious concerns concerning the ad tax.
The government also got “advice” on the level of the EU that if the owner of Hungary’s biggest commercial television company RTL Klub, the Luxemburgbased Bertelsmann group, sought an agreement, he should accept this request because otherwise “Hungary would lay itself open to blame,” he added.
“The good news,” he said, was that the commission had not questioned the introduction of an ad tax per se.
Source www.hungarymatters.hu
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MTI photo: Varga György
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