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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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Parliament on Wednesday passed a bill waiving personal income tax obligations for those under 25 years of age, Minister without portfolio for Family Affairs Katalin Novák said in a video on her Facebook page.
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Hungary’s jobless rate fell to 4% in March, down 0.5 percentage point from the previous month, but climbing 0.4 percentage point from twelve months earlier, the Central Statistical Office (KSH) said.
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Hungarian rate-setters decided to keep the base rate on hold at 0.60% in a regular meeting. The Monetary Council also left the rate corridor unchanged, the National Bank of Hungary (NBH) said.
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The finance ministry has submitted to parliament the amendment to the 2021 budget on continued allocation of funds for coronavirus protection and economic recovery measures, the ministry said in a statement.
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Notwithstanding last year’s 70,000 fraudulent bankcard transactions costing 1.3 billion forints (EUR 3.6m), Hungary is among Europe’s safest countries for online bankcard payments both in terms of the volume and value of transactions, according to finance ministry state secretary András Tállai.
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