94 result(s) for excise tax
Parlt Raises 2016 Budget Revenue, Spending Targets By HUF 422Bn
- 14 Jun 2016 9:00 AM
- current affairs
Lawmakers approved amendments to the 2016 budget act raising both revenue and expenditures by 421.7 billion forints (EUR 1.4bn). The amendments were passed with 121 votes in favour and 63 against. The MPs raised the revenue target from 15,800.4 billion forints to 16,222.1 billion forints. They increased the expenditure target from 16,562.0 billion forints to 16,983.7 billion forints.
EC Closes One Infringement Procedure Against Hungary, Launches Another
- 29 Apr 2016 9:00 AM
- current affairs
The European Commission has closed an infringement procedure against Hungary related to excise tax rules for pálinka, the Hungarian fruit brandy, but launched another one on exemptions for pálinka and herbal spirits from a product tax, the EC’s press service said.
Orbán: Investigator Teams To Seek Hungarian Implications Of Panama Papers
- 14 Apr 2016 1:30 AM
- current affairs
Police and the tax and excise office will set up special teams to investigate exclusively Hungarian involvement in the international offshore “Panama Papers” scandal, Prime Minister Viktor Orbán said after a meeting of the national security committee.
Hungary A Land Of Many Taxes
- 9 Mar 2016 8:00 AM
- business
Hungary has 60 forms of tax, most of which yield less than 1% of total tax revenue, the Jalsovszky law firm has found. VAT contributes more than 25% of budget revenue, personal income tax brings in 13.5% and the excise tax 7.8%, but most of the existing tax types contribute less than 1%.
Hungary’s Tax Collectors To Knock On More Doors
- 16 Feb 2016 2:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) is stepping up its efforts to collect back taxes, daily Magyar Idők said. NAV will send more of its staff to collect in person than earlier, deputy state secretary for excise tax matters Tamás Molnár told the paper.
Charges Raised Against Nigerian Drug Mule In Hungary
- 17 Dec 2015 8:00 AM
- current affairs
Charges have been raised against a 41 year-old Nigerian man who tried to smuggle 101 cocaine capsules in his stomach from Holland to Hungary, the Budapest chief prosecutor said. The suspect living in Budapest’s 15th district was offered 4,000 euros by a Suriname-born Dutch acquaintance for smuggling the total 1,000 grams of drugs to Hungary. He was supposed to deliver the capsules to a Hungarian ...
Hungarian Parlt Raises Tax On Fruit Brandy Pálinka
- 18 Nov 2015 8:00 AM
- business
Parliament raised the tax on distillation of Hungarian pálinka fruit brandy for personal consumption by 700 forints (EUR 2.24) per litre to comply with a ruling by the European Court. From January it will be obligatory to purchase “distillation stamps” for every litre of pálinka. Individuals may purchase between 5 and 86 of the 700 forint stamps.
Contract Distillation Of Pálinka In Hungary Drops By 80%
- 15 Oct 2015 5:00 AM
- food & drink
Distilleries in Hungary have produced 2 million litres of fruit brandy pálinka this year, less than 20% of the amount distilled in 2014; the drastic drop largely resulted from the elimination of tax exemption for home distillation of spirits from January 2015, daily Magyar Idők said. Legislation in force since the autumn of 2010 allowed Hungarian households to distil for personal consumption an ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.
Parlt Raises 2016 Budget Revenue, Spending Targets By HUF 422Bn
- 14 Jun 2016 9:00 AM
- current affairs
Lawmakers approved amendments to the 2016 budget act raising both revenue and expenditures by 421.7 billion forints (EUR 1.4bn). The amendments were passed with 121 votes in favour and 63 against. The MPs raised the revenue target from 15,800.4 billion forints to 16,222.1 billion forints. They increased the expenditure target from 16,562.0 billion forints to 16,983.7 billion forints.
EC Closes One Infringement Procedure Against Hungary, Launches Another
- 29 Apr 2016 9:00 AM
- current affairs
The European Commission has closed an infringement procedure against Hungary related to excise tax rules for pálinka, the Hungarian fruit brandy, but launched another one on exemptions for pálinka and herbal spirits from a product tax, the EC’s press service said.
Orbán: Investigator Teams To Seek Hungarian Implications Of Panama Papers
- 14 Apr 2016 1:30 AM
- current affairs
Police and the tax and excise office will set up special teams to investigate exclusively Hungarian involvement in the international offshore “Panama Papers” scandal, Prime Minister Viktor Orbán said after a meeting of the national security committee.
Hungary A Land Of Many Taxes
- 9 Mar 2016 8:00 AM
- business
Hungary has 60 forms of tax, most of which yield less than 1% of total tax revenue, the Jalsovszky law firm has found. VAT contributes more than 25% of budget revenue, personal income tax brings in 13.5% and the excise tax 7.8%, but most of the existing tax types contribute less than 1%.
Hungary’s Tax Collectors To Knock On More Doors
- 16 Feb 2016 2:00 AM
- business
Hungary’s National Tax and Customs Authority (NAV) is stepping up its efforts to collect back taxes, daily Magyar Idők said. NAV will send more of its staff to collect in person than earlier, deputy state secretary for excise tax matters Tamás Molnár told the paper.
Charges Raised Against Nigerian Drug Mule In Hungary
- 17 Dec 2015 8:00 AM
- current affairs
Charges have been raised against a 41 year-old Nigerian man who tried to smuggle 101 cocaine capsules in his stomach from Holland to Hungary, the Budapest chief prosecutor said. The suspect living in Budapest’s 15th district was offered 4,000 euros by a Suriname-born Dutch acquaintance for smuggling the total 1,000 grams of drugs to Hungary. He was supposed to deliver the capsules to a Hungarian ...
Hungarian Parlt Raises Tax On Fruit Brandy Pálinka
- 18 Nov 2015 8:00 AM
- business
Parliament raised the tax on distillation of Hungarian pálinka fruit brandy for personal consumption by 700 forints (EUR 2.24) per litre to comply with a ruling by the European Court. From January it will be obligatory to purchase “distillation stamps” for every litre of pálinka. Individuals may purchase between 5 and 86 of the 700 forint stamps.
Contract Distillation Of Pálinka In Hungary Drops By 80%
- 15 Oct 2015 5:00 AM
- food & drink
Distilleries in Hungary have produced 2 million litres of fruit brandy pálinka this year, less than 20% of the amount distilled in 2014; the drastic drop largely resulted from the elimination of tax exemption for home distillation of spirits from January 2015, daily Magyar Idők said. Legislation in force since the autumn of 2010 allowed Hungarian households to distil for personal consumption an ...
Hungarian Tax Authority Uncovers Intl Money Laundering, Cigarette Smuggling Operation
- 13 Oct 2015 5:34 AM
- business
Hungary’s tax and customs authority (NAV) said on Tuesday that it is investigating an international money laundering and cigarette smuggling operation, and it has so far apprehended 33 suspects. Vietnamese and Egyptian nationals based in Budapest are suspected of directing the transfer of euros acquired in crimes committed in Europe first to Hungary and then to Slovakia.