2,399 result(s) for billion forint
Tax Office Clamps Down On 3-Billion - Forint Vat Fraud Ring
- 20 May 2015 9:00 AM
- business
The tax office NAV has clamped down on a crime organisation suspected of a 3 billion forint (EUR 9.8m) fraud from reclaiming valueadded- tax (VAT) based in Debrecen, in eastern Hungary, NAV’s local office said. The investigation was closed on May 11 after a full year of gathering evidence, head of NAV’s regional office Tibor Lengyel said.
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
MTEL Focuses On Network Developments To Retain Clients
- 14 May 2015 9:00 AM
- tech
Magyar Telekom will focus on network developments this year to boost customer satisfaction and reduce churn, the company’s chief financial officer, János Szabó said after the company published its first-quarter earnings. MTel will make developments in both its mobile and fixed line networks, Szabó said. MTel expects to spend about 105 billion forints on investments this year, according to ...
Budget Chapters In Hungary Set For 2016
- 14 May 2015 9:00 AM
- business
The defence budget will be just below 300 billion forints, up 50 billion forints from 2015. The ministry of defence will contribute 4 billion forints to NATO’s budget and 2.29 billion forints to NATO’s Security Investment Programme. The interior ministry, which includes law enforcement, will have its budget raised from 483.7 billion forints this year to 504.7 billion in 2016. The budget of local ...
Hungarian Business Man Csányi Number One On Napi.hu’s Rich List
- 14 May 2015 9:00 AM
- community & culture
Sándor Csányi, owner of the agribusiness Bonafarm and chief of OTP Bank, has kept his top spot on Hungary’s rich list, business news website napi.hu reported. Csányi, whose assets now reach 165 billion forints (EUR 542m), up 15 billion from last year, has been at the top of the list since 2011. (Pictured on the right)
Hungarian Lawmakers Address Health-Care Sector Troubles
- 13 May 2015 9:00 AM
- health & wellness
Lawmakers addressed burning issues in health-care financing in parliament, ahead of a demonstration planned by workers in the sector this afternoon. István Ikotity, a lawmaker for the opposition LMP party, said Hungary’s health-care sector was overloaded and faced shortages in staff, equipment and medication supplies. He estimated that there is a shortage of some 6,000 nurses and their wages are ...
Hungarian Govt To Propose Stability Act Amendment
- 12 May 2015 9:00 AM
- business
The government will initiate an amendment to a rule on a nominal state debt threshold to better support economic growth. The Economy Ministry responded to a query by MTI after the Fiscal Council made a recommendation on the rule.
Ad Tax Changes Would Hurt Hungarian Consumer Goods Market
- 12 May 2015 9:00 AM
- business
Retailers could be seriously hurt by changes to the advertisement tax, especially in the consumer goods segment, the National Association of Retailers (OKSZ) reported. The consumer goods market is extremely price sensitive and both retailers and suppliers have a vested interest in curbing price rises, the OKSZ said in a statement.
Tax Office Clamps Down On 3-Billion - Forint Vat Fraud Ring
- 20 May 2015 9:00 AM
- business
The tax office NAV has clamped down on a crime organisation suspected of a 3 billion forint (EUR 9.8m) fraud from reclaiming valueadded- tax (VAT) based in Debrecen, in eastern Hungary, NAV’s local office said. The investigation was closed on May 11 after a full year of gathering evidence, head of NAV’s regional office Tibor Lengyel said.
Hungary’s Ad Tax Exemption Threshold Still Too High For Brussels
- 19 May 2015 9:00 AM
- business
The European Commission believes the proposed 100 million forints (EUR 325,000) exemption threshold for the advertising tax is still too high. The government is in talks with Brussels on the matter, Economy Minister Mihály Varga told commercial television ATV. The government has proposed making the ad tax rate a flat 5.3%, but allowing an exemption on a tax base up to 100 million forints.
2016 Tax Changes In Hungary “Simplest Ever”
- 15 May 2015 9:00 AM
- business
The 2016 tax bill just submitted to parliament contains the shortest tax provisions ever and introduces no new taxes, state secretary András Tállai said. New elements of the tax measures include a scheme called “tax loan for growth”, which means that companies that manage to raise their pre-tax profits five-fold in a year can defer their tax payments, thereby gaining resources for further ...
MTEL Focuses On Network Developments To Retain Clients
- 14 May 2015 9:00 AM
- tech
Magyar Telekom will focus on network developments this year to boost customer satisfaction and reduce churn, the company’s chief financial officer, János Szabó said after the company published its first-quarter earnings. MTel will make developments in both its mobile and fixed line networks, Szabó said. MTel expects to spend about 105 billion forints on investments this year, according to ...
Budget Chapters In Hungary Set For 2016
- 14 May 2015 9:00 AM
- business
The defence budget will be just below 300 billion forints, up 50 billion forints from 2015. The ministry of defence will contribute 4 billion forints to NATO’s budget and 2.29 billion forints to NATO’s Security Investment Programme. The interior ministry, which includes law enforcement, will have its budget raised from 483.7 billion forints this year to 504.7 billion in 2016. The budget of local ...
Hungarian Business Man Csányi Number One On Napi.hu’s Rich List
- 14 May 2015 9:00 AM
- community & culture
Sándor Csányi, owner of the agribusiness Bonafarm and chief of OTP Bank, has kept his top spot on Hungary’s rich list, business news website napi.hu reported. Csányi, whose assets now reach 165 billion forints (EUR 542m), up 15 billion from last year, has been at the top of the list since 2011. (Pictured on the right)
Hungarian Lawmakers Address Health-Care Sector Troubles
- 13 May 2015 9:00 AM
- health & wellness
Lawmakers addressed burning issues in health-care financing in parliament, ahead of a demonstration planned by workers in the sector this afternoon. István Ikotity, a lawmaker for the opposition LMP party, said Hungary’s health-care sector was overloaded and faced shortages in staff, equipment and medication supplies. He estimated that there is a shortage of some 6,000 nurses and their wages are ...
Hungarian Govt To Propose Stability Act Amendment
- 12 May 2015 9:00 AM
- business
The government will initiate an amendment to a rule on a nominal state debt threshold to better support economic growth. The Economy Ministry responded to a query by MTI after the Fiscal Council made a recommendation on the rule.
Ad Tax Changes Would Hurt Hungarian Consumer Goods Market
- 12 May 2015 9:00 AM
- business
Retailers could be seriously hurt by changes to the advertisement tax, especially in the consumer goods segment, the National Association of Retailers (OKSZ) reported. The consumer goods market is extremely price sensitive and both retailers and suppliers have a vested interest in curbing price rises, the OKSZ said in a statement.