210 result(s) for retail tax
Study Uncovers Massive Tax Evasion In Food Retail In Hungary
- 20 Sep 2012 9:02 AM
- shopping
Tax dodging in the food retail industry costs the state Ft 130 billion in lost taxes every year, according to a study by Ernst & Young. The most common method of evading taxes is the practice of “fake exporting,” said Ernst & Young tax expert Tamás Vékási. In such schemes, the products leave Hungary only on paper, as VAT does not have to be paid in Hungary on products exported within the EU.
Hervis Turns To EU Court On Sectoral Tax In Hungary
- 7 Sep 2012 9:00 AM
- business
Sports retailer Hervis has turned to the European Court of Justice claiming that the special tax levied on retailers is discriminatory against foreign-owned businesses while providing unfair advantage to domestic companies. Thus the European Court of Justice has received its first such case from Hungary regarding the special tax from the Székesfehérvár court where Hervis filed its case, the ...
Losses Mount For Home Improvement Market In Decline In Hungary
- 5 Jul 2012 9:00 AM
- shopping
The five largest home improvement chains in Hungary have lost 20% of their revenue in the past five years, according to data compiled by Napi Gazdasag. The combined revenues of OBI, Praktiker, BauMax, BricoStore and Bauhaus reached Ft 141 billion in 2008, but that figure has since fallen to Ft 115 billion by 2011.
Last-Ditch Lobbying By Mobile Operators In Hungary
- 17 May 2012 9:00 AM
- tech
Mobile phone operators have asked lawmakers to consider recommendations on the telephone tax before Parliament votes on Friday. The tax does not serve Hungary’s interest and places a disproportional burden on telecom companies, which have been paying the crisis tax since 2010, wrote Vodafone, T-Mobile and Pannon in a joint statement.
Hungarian Government Approves Raft Of New Taxes
- 10 May 2012 9:00 AM
- current affairs
The cabinet has approved the financial transaction tax, telephone tax and unified insurance tax, while phasing out the crisis tax, as prescribed in the Széll Kálmán plan 2.0, Economy Minister György Matolcsy announced yesterday.
Hungarian Government To Keep Excise Tax On Fuel
- 13 Apr 2012 9:10 AM
- shopping
"The government does not intend to lower the excise tax on petrol, Economy Minister György Matolcsy said in reply to a written question put forward by Jobbik MP Gábor Ferenczy in Parliament. Opposition MPs have urged the cabinet on numerous occasions to reduce the tax on fuel, which is the highest in the region.
Rise In Retail Sales In Hungary Surprises Analysts
- 1 Feb 2012 8:00 AM
- shopping
"Retail sales were up 1.1% year-on-year in November, exceeding estimates, according to calendar-adjusted data from the Central Statistics Office. Excluding petrol sales, retail sales grew an annualised 2.3%.
Tesco Named RBIF Sponsor Of The Year In Hungary By Robin Marshall
- 24 Jan 2012 8:06 AM
- community & culture
The name of the Robert Burns International Foundation Sponsor of the Year was revealed to a crowd of 75,000 on January 14, 2012, with Sir Alex Ferguson, manager of Manchester United Football Club, and the RBIF’s Honorary President, presenting the trophy to David Wood, commercial director of Tesco Global Áruházak Zrt.
Xpat Interview: Mazen Al Ramahi, CEO of Zara Hotels Hungary
- 14 Apr 2011 12:00 PM
Mr. Mazen Al Ramahi is a Jordanian businessman who has lived in Budapest for over 20 years. He is the owner and CEO of Zara Hotels, which set out with the aim of creating hotels with individual style in the centre of the Hungarian capital.
Study Uncovers Massive Tax Evasion In Food Retail In Hungary
- 20 Sep 2012 9:02 AM
- shopping
Tax dodging in the food retail industry costs the state Ft 130 billion in lost taxes every year, according to a study by Ernst & Young. The most common method of evading taxes is the practice of “fake exporting,” said Ernst & Young tax expert Tamás Vékási. In such schemes, the products leave Hungary only on paper, as VAT does not have to be paid in Hungary on products exported within the EU.
Hervis Turns To EU Court On Sectoral Tax In Hungary
- 7 Sep 2012 9:00 AM
- business
Sports retailer Hervis has turned to the European Court of Justice claiming that the special tax levied on retailers is discriminatory against foreign-owned businesses while providing unfair advantage to domestic companies. Thus the European Court of Justice has received its first such case from Hungary regarding the special tax from the Székesfehérvár court where Hervis filed its case, the ...
Losses Mount For Home Improvement Market In Decline In Hungary
- 5 Jul 2012 9:00 AM
- shopping
The five largest home improvement chains in Hungary have lost 20% of their revenue in the past five years, according to data compiled by Napi Gazdasag. The combined revenues of OBI, Praktiker, BauMax, BricoStore and Bauhaus reached Ft 141 billion in 2008, but that figure has since fallen to Ft 115 billion by 2011.
Last-Ditch Lobbying By Mobile Operators In Hungary
- 17 May 2012 9:00 AM
- tech
Mobile phone operators have asked lawmakers to consider recommendations on the telephone tax before Parliament votes on Friday. The tax does not serve Hungary’s interest and places a disproportional burden on telecom companies, which have been paying the crisis tax since 2010, wrote Vodafone, T-Mobile and Pannon in a joint statement.
Hungarian Government Approves Raft Of New Taxes
- 10 May 2012 9:00 AM
- current affairs
The cabinet has approved the financial transaction tax, telephone tax and unified insurance tax, while phasing out the crisis tax, as prescribed in the Széll Kálmán plan 2.0, Economy Minister György Matolcsy announced yesterday.
Hungarian Government To Keep Excise Tax On Fuel
- 13 Apr 2012 9:10 AM
- shopping
"The government does not intend to lower the excise tax on petrol, Economy Minister György Matolcsy said in reply to a written question put forward by Jobbik MP Gábor Ferenczy in Parliament. Opposition MPs have urged the cabinet on numerous occasions to reduce the tax on fuel, which is the highest in the region.
Rise In Retail Sales In Hungary Surprises Analysts
- 1 Feb 2012 8:00 AM
- shopping
"Retail sales were up 1.1% year-on-year in November, exceeding estimates, according to calendar-adjusted data from the Central Statistics Office. Excluding petrol sales, retail sales grew an annualised 2.3%.
Tesco Named RBIF Sponsor Of The Year In Hungary By Robin Marshall
- 24 Jan 2012 8:06 AM
- community & culture
The name of the Robert Burns International Foundation Sponsor of the Year was revealed to a crowd of 75,000 on January 14, 2012, with Sir Alex Ferguson, manager of Manchester United Football Club, and the RBIF’s Honorary President, presenting the trophy to David Wood, commercial director of Tesco Global Áruházak Zrt.
Xpat Interview: Mazen Al Ramahi, CEO of Zara Hotels Hungary
- 14 Apr 2011 12:00 PM
Mr. Mazen Al Ramahi is a Jordanian businessman who has lived in Budapest for over 20 years. He is the owner and CEO of Zara Hotels, which set out with the aim of creating hotels with individual style in the centre of the Hungarian capital.