New Tax Amnesty At Seven Banks

  • 8 Mar 2017 9:00 AM
New Tax Amnesty At Seven Banks
The newly announced tax amnesty will be available at Erste, FHB, Gránit, MKB, OTP, Raiffeisen and UniCredit, the tax authority said yesterday.

According to the new law, residents of Hungary can legalise their unreported foreign income made before June 30, 2016 if they pay a 10% tax and a correction fee.

This option is open for money repatriated to Hungary to an account of the selected banks by June 30, 2017.

CIB and K&H are not participating in this programme.

In the previous tax amnesty, the stability savings account scheme, 2,141 persons brought home a total of Ft 155.6 billion.

Source: Hungary Around the Clock

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