547 result(s) for reduction
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Budapest Prosecutor Presses Charges In Connection With US Entry Ban
- 21 Dec 2015 8:00 AM
- current affairs
Budapest’s chief prosecutor has raised charges against a suspect believed to have solicited a bribe from US cooking oil producer Bunge in return for influencing Hungarian VAT legislation. Tibor Ibolya said that the suspect known as V.T. had claimed to know Peter Heim, head of Századvég, a think-tank close to the government.
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Budapest To Join ‘Under 2 MOU’ Climate Protection Initiative
- 3 Dec 2015 8:00 AM
- current affairs
Budapest plans to join the international climate protection initiative “Under 2 MOU”, the metropolitan council’s general assembly meeting decided. The alliance was set up at the initiative of California and Baden- Wurttemberg by the leaders of twelve regions around the world in May this year. The participants undertake to reduce green-house gas emissions from 1990’s level by 80% by the year 2050.
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.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
Hungary’s PM: Europe In Midst Of “Mass Invasion,” Of Which Not Fully Aware
- 5 Nov 2015 8:00 AM
- current affairs
Europe is in the midst of “mass invasion”, but is “not yet fully aware” of the challenge it poses to the continent’s culture, way of life and conduct of affairs, the prime minister said at the opening of the World Science Forum conference in Budapest. This mass migration poses a never-before-seen challenge and it can “crush and bury the way of life we have known until now,” Viktor Orbán said, ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Environmental Watch Party In Budapest
- 20 Oct 2015 10:00 AM
- business
By Liz Frommer: The Kyoto Protocol is 18 years old. Then, in 1997, countries began negotiations to reduce their greenhouse gas emissions; yet nearly 20 years later, the world is still waiting for an agreement to be reached wherein the greatest producers of GHGs are on board in full.
Hungary’s Employer Group Chief: High Tax Rates Hamper Proper Wage Reform
- 31 Dec 2015 8:00 AM
- business
Employment and income tax rates need to be reduced because the current tax system is hampering a proper wage reform, the chief secretary of the National Association of Employers and Entrepreneurs (VOSZ) said. Ferenc Dávid said a gross wage of 100,000 forints (EUR 320) costs the employer approximately 128,500 forints factoring in social contributions while the employee’s net wage ends up being ...
Budapest Prosecutor Presses Charges In Connection With US Entry Ban
- 21 Dec 2015 8:00 AM
- current affairs
Budapest’s chief prosecutor has raised charges against a suspect believed to have solicited a bribe from US cooking oil producer Bunge in return for influencing Hungarian VAT legislation. Tibor Ibolya said that the suspect known as V.T. had claimed to know Peter Heim, head of Századvég, a think-tank close to the government.
Hungarian Govt Proposes Reduced Banking Tax From Jan 1
- 12 Dec 2015 8:00 AM
- business
The government has proposed lowering the banking tax as of January 2016 from 0.31% to 0.24%, the economy ministry said. The reduction was proposed based on informal signals from the European Commission and an agreement with the European Bank for Reconstruction and Development (EBRD), the ministry said. The tax’s lower bracket would remain the same, 0.15% up to 50 billion forints.
Budapest To Join ‘Under 2 MOU’ Climate Protection Initiative
- 3 Dec 2015 8:00 AM
- current affairs
Budapest plans to join the international climate protection initiative “Under 2 MOU”, the metropolitan council’s general assembly meeting decided. The alliance was set up at the initiative of California and Baden- Wurttemberg by the leaders of twelve regions around the world in May this year. The participants undertake to reduce green-house gas emissions from 1990’s level by 80% by the year 2050.
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.
Hungarian Parlt Passes Taxpayer Classification, Red Tape Reduction Laws
- 18 Nov 2015 8:00 AM
- business
Lawmakers approved bills on cutting red tape and classifying taxpayers based on tax compliance risk. The bill put forward by government office chief János Lázár aims to simplify and speed up public administration, scale back the number of steps needed to obtain permits and reduce completion deadlines. Activities no longer requiring permits will include the sale of precious metal jewellery, ...
Hungary’s PM: Europe In Midst Of “Mass Invasion,” Of Which Not Fully Aware
- 5 Nov 2015 8:00 AM
- current affairs
Europe is in the midst of “mass invasion”, but is “not yet fully aware” of the challenge it poses to the continent’s culture, way of life and conduct of affairs, the prime minister said at the opening of the World Science Forum conference in Budapest. This mass migration poses a never-before-seen challenge and it can “crush and bury the way of life we have known until now,” Viktor Orbán said, ...
National Bank Of Hungary May Keep Base Rate Unchanged Until 2018, 2019
- 28 Oct 2015 8:00 AM
- business
The National Bank of Hungary (NBH) may keep its base rate at a record-low 1.35% base rate until 2018 or even 2019, beyond its horizon for monetary policy, deputy governor Márton Nagy told Reuters. Nagy also said that the NBH will announce a set of incentives to boost business lending next Tuesday, and it expects to close a deal to acquire a majority stake in the Budapest Stock Exchange within ...
Environmental Watch Party In Budapest
- 20 Oct 2015 10:00 AM
- business
By Liz Frommer: The Kyoto Protocol is 18 years old. Then, in 1997, countries began negotiations to reduce their greenhouse gas emissions; yet nearly 20 years later, the world is still waiting for an agreement to be reached wherein the greatest producers of GHGs are on board in full.