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Hungary has joined the Coalition of Finance Ministers for Climate Action after Finance Minister Mihály Varga signed the respective document, the ministry said on Wednesday.
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Shops and other small business owners affected by the curfew and temporary closures will not have to pay tax for last month, while more than 30,000 companies are exempt from paying employment contributions, leaving 11 billion forints (EUR 30m) in their pockets, a finance ministry official said on Wednesday.
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Hungary’s consumer price index increased by an annual 5.1% in April, the Central Statistical Office (KSH) said on Tuesday.
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Finance Minister Mihály Varga on Tuesday announced measures to cut and streamline taxes next year that the government will soon propose to lawmakers.
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The government’s modified budget deficit targets for the coming years, prompted by the continuously changing global environment and the drawn out recovery of capacities, afford flexibility, Finance Minister Mihály Varga said in an interview with business portal Portfolio.hu published on Monday.
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A group of fraudsters in Fejér County has evaded paying VAT totalling one billion forints (EUR 2.8m) by violating European tax laws, national tax authority NAV said.
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