Government Submits Special Tax Changes To Parliament

  • 20 Jun 2018 8:53 AM
  • Hungary Matters
Government Submits Special Tax Changes To Parliament
The government submitted to parliament a bill that would introduce tax changes and other amendments as well as a 25% special tax on organisations supporting migration.

The justification of the bill posted on parliament’s website identifies its goals as legal harmonisation, the reduction of administrative burdens on taxpayers as well as enabling the return of employees eligible for elderly pension to the labour market through tax and contribution rebates.

The bill would also introduce a special 25% tax on organisations that aid migration to contribute to government spending on the handling of migration.

Revenue from the tax will be spent exclusively on border protection measures, according to the bill. István Hollik, spokesman of the allied ruling parties, called the special tax a “minimum requirement”.

He insisted that organisations associated with US billionaire George Soros spend “stellar amounts” to “promote migration and flood Europe with immigrants”.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Free Cash ATM Limit to be Increased in Hungary

    Free Cash ATM Limit to be Increased in Hungary

    • 5 Nov 2024 6:46 AM

    The monthly maximum for free cash withdrawals from ATMs will be raised from Ft 150,000 to Ft 250,000, as Parliament’s economy committee and MPs supported the proposal in the consumer protection subcommittee on Tuesday.

  • Hungarian Finance Minister Presents Tax Bill to Parliament

    Hungarian Finance Minister Presents Tax Bill to Parliament

    • 31 Oct 2024 7:42 PM

    A tax bill submitted by the Finance Ministry to parliament on Wednesday would double tax preferences for families with children, extend the preferential VAT rate for home purchases and phase out some taxes on businesses.

  • "Cause for Optimism”: GDP up 1.5% in Hungary

    "Cause for Optimism”: GDP up 1.5% in Hungary

    • 31 Jul 2024 10:54 AM

    Hungarian gross domestic product grew by an annual 1.5% in the second quarter, the Central Statistical Office (KSH) said in a first reading of data. Adjusted for calendar-year effects, GDP grew by 1.3%.