Hungarian Banks Call For End To Transaction Tax

  • 8 Jan 2020 11:35 AM
  • Hungary Around the Clock
Hungarian Banks Call For End To Transaction Tax
The Bank Association yesterday called for the abolition of the transaction tax before the new instant payment system becomes operative on March 2.

The banking sector has invested tens of billions of forints in building the new system.

The Association points out that a basic feature of the new financial era is the existence of flat-rate products which offer a very large number of free transactions.

It adds that the tax system should not hinder innovation.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

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.

finance CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.

Newsletter

get in & enjoy more!

XpatLoop’s newsletter contains a hand-picked selection of fresh news, special invitations, events, movies, and more.

I understand & accept the Privacy Policy