48 result(s) for personal income tax in Business
OECD Lowers 2017 GDP Growth Forecast To 2.5 Pc
- 29 Nov 2016 8:00 AM
- business
The OECD lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the 3.1 percent in the previous Economic Outlook released in June 2016. The OECD however improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent in the autumn edition of the World Economic Outlook.
Gross Wages Up 6.7% In Sept
- 23 Nov 2016 8:00 AM
- business
Average gross wages in Hungary rose by an annual 6.7% in September to 257,857 forints (EUR 834), the Central Statistical Office (KSH) reported. Net wages grew by 8.3% to 171,475 forints due to a one percentage point cut in the personal income tax rate from January.
Gross Wage Growth Continues To Slow In July
- 21 Sep 2016 9:00 AM
- business
The average monthly wage in Hungary rose by an annual 5.1% to 256,900 forints (EUR 835) in July, the Central Statistical Office (KSH) reported. Wage growth slowed for the third month in a row after peaking this year at 6.5% in March and April. Net wages rose at a faster clip during the period, climbing 6.7% to 170,800 forints (EUR 578) on the back of a one percentage point reduction in the ...
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Gross Wages Rise 6.4% In April
- 22 Jun 2016 9:00 AM
- business
The average gross wage in Hungary was 264,471 forints (EUR 845) in April, up by 6.4% from the same month a year earlier, the Central Statistical Office (KSH) said. Net wage growth outpaced the increase, rising by 8.0% to 175,874 forints, because of a one percentage point cut in the personal income tax rate, to 15%, from January.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
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%.
New Tax System To Leave HUF 850 Bn With Tax Payers In 2016
- 18 Jan 2016 11:00 AM
- business
Hungary’s reformed tax system is set to leave 850 billion forints (EUR 2.7bn) with taxpayers in 2016 in comparison with 2010, the daily Magyar Idők said. Economy Minister Mihály Varga told the paper that the government’s main aim when it comes to reforming the tax system is to make sure more money stays in people’s pockets.
OECD Lowers 2017 GDP Growth Forecast To 2.5 Pc
- 29 Nov 2016 8:00 AM
- business
The OECD lowered its projection for Hungary’s GDP growth next year to 2.5 percent in volume terms in a forecast published on Monday from the 3.1 percent in the previous Economic Outlook released in June 2016. The OECD however improved its 1.6 percent summer projection for Hungary’s growth this year to 1.7 percent in the autumn edition of the World Economic Outlook.
Gross Wages Up 6.7% In Sept
- 23 Nov 2016 8:00 AM
- business
Average gross wages in Hungary rose by an annual 6.7% in September to 257,857 forints (EUR 834), the Central Statistical Office (KSH) reported. Net wages grew by 8.3% to 171,475 forints due to a one percentage point cut in the personal income tax rate from January.
Gross Wage Growth Continues To Slow In July
- 21 Sep 2016 9:00 AM
- business
The average monthly wage in Hungary rose by an annual 5.1% to 256,900 forints (EUR 835) in July, the Central Statistical Office (KSH) reported. Wage growth slowed for the third month in a row after peaking this year at 6.5% in March and April. Net wages rose at a faster clip during the period, climbing 6.7% to 170,800 forints (EUR 578) on the back of a one percentage point reduction in the ...
Hungary Retail Sales Rise 6.8% In May
- 26 Jul 2016 9:00 AM
- business
Retail sales in Hungary went up by an annual 6.8% in May, the Central Statistical Office (KSH) said, confirming data published in a first reading earlier. Retail sales rose by an annual 5.7% when adjusted for calendar year effects. The pace accelerated from an unadjusted 5.0% and slowed from a calendar year-adjusted 6.7% rise in April.
Gross Wages Rise 6.4% In April
- 22 Jun 2016 9:00 AM
- business
The average gross wage in Hungary was 264,471 forints (EUR 845) in April, up by 6.4% from the same month a year earlier, the Central Statistical Office (KSH) said. Net wage growth outpaced the increase, rising by 8.0% to 175,874 forints, because of a one percentage point cut in the personal income tax rate, to 15%, from January.
2017 Budget Bill Targets Deficit Of HUF 1,166.4 BN
- 28 Apr 2016 9:00 AM
- business
Hungary’s budget is expected to run a cash-flow-based deficit of 1,166.4 billion forints (EUR 3.7bn) next year, well above the 761.6 billion gap targeted for 2016. The 2017 budget bill targets revenue of 17,374.9 billion forints and expenditures of 18,541.3 billion.
Varga: Govt Aims For Lower VAT, But “Now Is Not The Time”
- 22 Apr 2016 9:00 AM
- business
Hungary’s government aims to reduce the 27% general value-added tax rate in the long term, though “now is not the time” for a cut, Economy Minister Mihály Varga said in an interview in the fresh issue of business weekly Figyelő. “It would be nice if the VAT rate could be reduced and the top rate brought to 25% or lower. This is in line with the cabinet’s long-term intentions, but now is not the ...
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%.
New Tax System To Leave HUF 850 Bn With Tax Payers In 2016
- 18 Jan 2016 11:00 AM
- business
Hungary’s reformed tax system is set to leave 850 billion forints (EUR 2.7bn) with taxpayers in 2016 in comparison with 2010, the daily Magyar Idők said. Economy Minister Mihály Varga told the paper that the government’s main aim when it comes to reforming the tax system is to make sure more money stays in people’s pockets.